
News Topical, Digital Desk : The stock market witnessed a decline in Tuesday's trading and Nifty broke its important levels and closed with a loss. Today, Bank Nifty also witnessed a decline. Now our experts have given their predictions on the direction of the market in the next session and told which strategy can benefit you in this market. According to market expert Amit Seth, the market is currently of selling on the rise, so traders should be cautious.
What strategy should be kept regarding the index?
According to Amit Seth, there is constant pressure in the market. An increase was definitely seen on Monday, however, the same trend was seen in the market on Tuesday as is being seen continuously that selling dominated the increase. It is clear from today's signals in the market that the strategy of selling on the increase should be maintained for now. 24700-24800 remains a big resistance for Nifty. If the market breaks yesterday's low i.e. 24337, then Nifty can go up to 24200. In such a situation, traders should be a little cautious. At the same time, the same signals are there in Bank Nifty. According to him, pressure of HDFC Bank has been seen on Bank Nifty. If the level of 54900 breaks for Bank Nifty, then the level of 54700 can be seen. On the rise, the level of 55700 is the resistance for Bank Nifty. Advice regarding which stocks? Amit has expressed confidence in Maruti Suzuki in this market. According to him, the stock has given a breakout with volume after a long time. He has advised to buy the stock with a stop loss of 12700. A target of 13200 has been given for the stock. The stock closed at 12840 on Tuesday.
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