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News Topical, Digital Desk : The domestic stock market has seen a decline on Monday. Nifty has closed below the level of 25 thousand today. The decline in the market is due to pressure in the IT sector after the signals received from America. Now the question is whether the market has started declining once again or will the rally continue. Experts gave their opinion on many signals received from the market today. Understand these signals and know where you can earn now.
What are today's indications from the market movement?
According to Anuj Singhal, Managing Editor of CNBC Awaaz, the biggest risk for tomorrow's trading is how investors react to the news of rating reduction in the US markets on Monday. However, he said that at present the indications are that as long as the 24800 level of Nifty remains intact, the trends are in favor of growth. But at the end of the market, he advised traders to make their strategy keeping in mind the risk, that is, hedge the position. He said that some pressure has been seen in India VIX. And the way the volatility index has moved today is a matter of a little concern. According to Anuj, at present the market has a big resistance of 25100 and 25150. He said that the market movement indicates that the market's focus has now come on the domestic economy. The market has now left behind the tariff war and conflict between countries. According to him, this is also a reason for profit booking in defense sector stocks. The market is now eyeing the next big indication, monsoon. For this reason, action is being seen in two wheeler, chemical, fertilizer sector. On the other hand, Bank Nifty is leading the market. For Bank Nifty, the level of 55500 is important at the moment. Today the index has closed below this, this is also an important signal for traders.
According to him, until the market does not feel that the earnings growth is not picking up pace, the top of the market can remain between 25 thousand and 25,500. That is, the pace beyond this will depend on the performance of the companies. He has advised that if you are in profit at these levels, then you should take out some profit. On the other hand, according to Rahul Sharma, Research Head of JM Financial Services, looking at the market signals, it seems that Nifty is preparing for 25,500 and 25,600. He clearly said that if there is any decline, there will be opportunities for buying here. According to him, 24800 and 24,500 are big supports for Nifty. According to him, at present there are better opportunities in the realty index. He predicted that the realty sector can give good returns within the next one to three months. Expressing confidence in Godrej Properties, Shobha Developers, DLF, he has predicted that a return of 14-15 percent can be obtained here in 3 months.
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