Market Minutes: The growth that continued for 4 days has stopped, will there be a decline now or will the rise continue?

News Topical, Digital Desk : Today, the 4-day upward trend in the stock market has come to a halt. Sensex closed with a slight decline. Nifty closed with a gain of 1 point. Nifty closed down 95 points from its upper levels. According to market experts, profit booking was seen in the market today after a long rise. Which was already expected. However, the long-term signals in the market are strong and Nifty may grow by 10 percent by December and 25 percent by December next year. Sensex today closed at 82392 with a decline of 53 points and Nifty closed at 25104 with a gain of 1 point.

What happened in the market today?
 According to profit booking has been seen in some momentum stocks today. Along with this, profit booking has been seen in midcap bank, realty stocks. However, the rest of the market signals are strong. The midcap rally is still intact. What are the future signals? According to Anuj Singhal, if we look at the performance of the entire market with the possibilities of profit booking at higher levels between Tuesday's expiry, the signals are still looking strong. Nifty is still protecting the lower level of the previous session. Which is a positive sign. At the same time, the movement of IT stocks amid profit booking in Bank Nifty is also a positive sign. There are indications that now some sector will continue to handle the market and the market may continue to rise. Sector rotation will now be seen in the market. What should be the strategy for Nifty? According to Anuj Singhal, at present there are indications that if Nifty crosses 25200, it can also reach above 25350. In such a situation, remain long for now and buy in case of a dip till 25050. Keep your stop loss at 25000-24950. At the same time, 56200-56500 is a good level for buying in Bank Nifty. At the same time, the target of 58 thousand is still open. However, a resistance can be found at the level of 57000, which will be monitored. What is the opinion of experts? According to Anu Jain, President 360 One, after the rate cut by the Reserve Bank, the market may see a growth of 10 percent. By November-December, Nifty can go up to the level of 27000 to 28000. According to him, Nifty Financial looks better than Nifty. The positive signs regarding the capex of the private sector are coming from the pharma sector. According to Anirudh Garg, partner and research head of Invasset PMS, the current rally in the market has been as per the estimates. According to him, some slowdown is possible in the market right now, but if we keep an eye on the next one and a half years, then Nifty can rally by 20 to 25 percent from here. According to him, we are currently in a bull rally which can last for one to one and a half years. In such a situation, investment can be made. He has expressed his confidence in Indigo. While giving a short-term view, Sushil Kedia said that the market has not grown as much as the Reserve Bank's policy was aggressive. According to him, the market may witness a slowdown. However, he clearly said that at present it does not seem possible for the market to go below 24500 on any decline.

Read More: Jio Financial and Allianz reinsurance joint venture announced, agreement reached