Today, some hopeful movement was seen in the stock market when for the first time after January 2, the market was able to maintain its gains for the second consecutive day. On the other hand, if we look at the market minutes, the signals in the last one hour were somewhat better than the previous days. CNBC Awaaz Managing Director Anuj Singhal had already indicated that the last hour of Wednesday's trading would be very important and that is what happened. In the last hour, the market showed recovery from the lower levels and the Sensex closed with a gain of 0.3 percent. However, Anuj Singhal is already warning investors not to blindly trust such a recovery. Let the market recover a bit and even if it takes some time, wait for the market to stabilize.
What is special in today's minutes?
Today the market reached a new low of the session in the last one hour and after that recorded a recovery.. Earlier in many sessions it has been seen that the market slipped after recovery during the session and closed near it by making a new low. Although a new low was made in the market today but recovery was seen after that. In the last one hour of today, the Sensex recovered by reaching the level of 76488. This low was also below the previous session's closing level of 76499. Before this low recorded in the last hour, the Sensex had recorded a low of 76557 in the first half hour of the session. In the last few sessions it was seen many times that the market first made a low and then showed recovery but after that it fell and made a new low. However, after the new low after the initial recovery of the session today, recovery was seen once again and the market has given a closing in the green mark. Now what next According to Anuj Singhal, the market has again made a higher low today. Today's high is also better than yesterday's high, you can try for a long trade for a few days. If Nifty again makes a lower low, then get out. According to him, short covering will increase above 23,350. At the same time, his advice is to stay away from Bank Nifty for some time. What is the expert's opinion? According to Sandeep Bansal, Associate Director, ASK Investment Managers, the ongoing fluctuations in the market are actually a better opportunity for investment. Investment opportunities are being created in the correction in the market. He said that the results of companies have been sluggish for some quarters. But now the future signals are positive. There may be a cut in interest rates in the future. At the same time, inflation is expected to decrease further. Private capex may increase in the future. At the same time, there may be an increase in government expenditure. Sandeep has expressed confidence in manufacturing, EMS, power sector for now. According to him, the pharma sector also looks better.
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