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News Topical, Digital Desk : After the initial rise in the stock market, there was a decline once again and Nifty reached the lowest levels of the day in the last one hour of the session. The market is under pressure due to HDFC Bank and Bajaj Finance. At the same time, the fall in Reliance Industries also increased the market's losses. However, according to Sushil Kedia of Kedianomics, the decline that was expected in the market has already happened and the signs of further growth in the market are looking stronger.
What is the forecast on the market?
Sushil Kedia said that the bad phase of the market is over and the phase of earning by buying is starting here. According to him, Nifty is expected to reach new record levels in the future. If Nifty crosses the level of 25300 once, then bets can be taken on the new record high of Nifty 50. Based on the performance on the chart, he said that there are signs of growth in the IT sector now. IT's 5 stars TCS, Wipro, Infosys, HCL Tech and Tech Mahindra can now support the market further. Apart from this, Bajaj Auto is also expected to gain momentum and the stock can also double in a year. At the same time, Tata Motors can also see a move of 40-50 percent in the coming time. Along with this, signs of growth are also seen in Reliance Industries. With the help of all this, Nifty 50 can also show new highs in the coming time. However, he said that the charts of banking stocks are looking weak and there is a possibility that banking stocks will not have a share in this new boom. According to Sushil Kedia, the market has the ability to pick up pace this time even without HDFC Bank and ICICI Bank.
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