Share Market: After the ceasefire, the market is preparing for a rapid rise tomorrow, experts told how much the gap-up would be

News Topical, Digital Desk : Despite the tension between India and Pakistan, the announcement of ceasefire on Saturday is expected to give a boost to the Indian stock market this week. The recent tension had affected the market, with Sensex and Nifty falling more than 1% on Friday. But now the news of ceasefire may ease the fears of investors. However, the government has said that Pakistan violated the ceasefire on the Line of Control (LoC), and the situation is changing every moment.

Effect of ceasefire on the market
After the death of 26 people in the terrorist attack in Pahalgam, Kashmir last month, India carried out precise attacks on terrorist hideouts on 7 May. After this, there were missile and drone attacks between the two countries for four days. A ceasefire was announced on Saturday. US President Donald Trump claimed that the US mediated, but India rejected it and said that this is the result of direct talks between the two countries. 

What did the experts say? Prashant Tapase of Mehta Equities said that the ceasefire between India and Pakistan is a diplomatic and strategic victory for India against terrorism. He said that this is good news from the point of view of investors' sentiment in the market. Tapase said that as soon as investors' confidence returns, the market is expected to open gap-up by 200 - 300 points on Monday. However, volatility may continue in the market due to global uncertainty and quarterly results of companies. Rajesh Bhosale, equity technical analyst at Angel One, said that on the upside, resistance will remain at 24,250 and 24,300 levels in Nifty. If Nifty decisively crosses 24,600, a big recovery will be seen.
 

• Ceasefire after intense clashes: India-Pakistan ceasefire after four days of heavy fighting.
• Market expected to rise: Ceasefire likely to lead to market boom.
• Strength of stocks: Despite the tension, there is no major loss in stocks, which shows the confidence of investors.
• Increasing morale of investors: Analysts believe that this ceasefire is a victory for India and is positive for the market.
• Technical level: Support for Nifty at 23,500 and resistance at 24,250-24,300 will be important.

Vigilance is necessary
Although the ceasefire is expected to bring relief to the market, reports of violation of LoC by Pakistan are raising concerns. Investors should remain vigilant and take information only from reliable sources. There is a possibility of a boom in the market, but global uncertainties and earnings season can bring volatility.

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