Nowadays, people, media, and even influencers are talking about recession everywhere around the world. So, it is important to do a stock market analysis on a regular basis to stay up to date that what’s going on in the market and the world.

On December 10 2022 Elon Musk also tweeted, “If the Fed raises rates again next week, the recession will be greatly amplified.”

You must know how much Elon Musk’s influence is on the whole world and the stock market as well. So, we cannot ignore his tweets. Anyways, we are here to discuss our Indian Stock Market. So, let’s get started.

Our stock market analysis suggests that there are many stocks that are falling and Nifty is also closing almost in red from the last 7 sessions. So, what’s going to happen next? Will the markets continue to fall? If yes, which stock is going to fall on the next day?

Stock Market Analysis for 12 Dec 2022

We’ve done a proper stock market analysis and found that there are many stocks that may fall more in the coming week. Since the stock market sentiment is negative so, we’re only going after the stock which can lead to cheer the bears up.

1HCLTECHIt is continuously falling from the last six sessions. And in the last session, it closed below the 200 moving average on the daily chart.
2TECHMIt is already trading below the 200, 100, and 50 day moving averages. The next major support is around the 1000 level. There is a high chance that the stock will touch this level too.
3TCSThe stock just closed below the 200 moving average on the daily chart which is not a good sign. It is possible the stock could fall more.
4BAJFINANCETrading below 200 moving average. If the stock continues to fall, the next major support is around 6250.
5BAJAJ_AUTOThis stock is also trading below all the major moving averages. The chances are high for the stock to go down a bit more.
6DIVISLABThe stock is currently at a major support level, if it breaks; we may see more downfall in the stock.
7SUNPHARMAWe are seeing a correction in this stock and if the market goes into the red, this particular stock will also get affected.
Attention: Please note that all analysis was done on the daily chart.

What is Nifty 50 Indicating?

Stock Market Analysis

The Nifty closed at 18496 (-0.61%) in the last session while Banknifty closed flat in green. At the current time, the Indian stock market is very volatile. Although our market is performing better than the world market. But if the world market especially the US market falls, it is going to affect the Indian market as well. So, it will be interesting to see what is going to happen the next day on Monday.

READ MORE: ICICI Bank Investors May See the Next Big Move in the Stock

US Market Update

In the process of the stock market analysis, we looked at the US market and noticed both DOW JONES (-0.90%) and NASDAQ (-0.70%) closed in red in the last trading session.

This could affect the opening of the Indian stock market on Monday. So, please keep an eye on these factors too.

Disclaimer: Dear readers, please note that we’re not SEBI registered and we’re not giving piece of advice to buy or sell in the stock market. Stock market analysis including this and another blog posts on this website is only for educational purposes. We suggest you please consult your financial advisor before making any investment decision. It is best to do your own stock market analysis.

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