Today, on Tuesday, the market started positively in the market with the Nifty weekly expiry and the major indices saw a strong lead throughout the day. However, until the end of trading, the Sensex and the Nifty closed down significantly from their previous highest level. The Nifty rose 31 points to close at 25,108. The Sensex rose 137 points to close at 81,927. The Nifty Bank rose 134 points to close at 56,239. Meanwhile, the rupee strengthened at $ 88.77/in the money market.
The Nifty was trading around 25,200 pm at around 2 pm. The Sensex was also about 340 points. The bank Nifty was 300 points.
What is the reason for this boom in the market?
– RBI’s policy changed the market mood
– Bank and NBFC stocks gained rapid lead
– Good quarterly updates accelerated
– FIIS supported due to reduction in selling pressure
– Faith was restored by crossing some major levels
How durable is this fast?
– The market is likely to fast from getting both basic and technical support
– The confidence of increasing consumption has returned
– Expectations of good quarterly results from companies have also increased
Are Fiis back?
– Not at all, they have just reduced selling
– Neither short covering, no shopping
– Think, what will happen when they cut short cuts
– But when it will happen, it is not known
Is the level of 25,000 strong support?
– 25,000 has significant psychological support
– Nifty’s next target is the scope of 25425-25650
Has the bank Nifty become a ‘run -of -the -off horse’?
– Bank Nifty gave a big breakout yesterday after two months.
– This morning we had estimated that it will now move towards an all -time high level of 57,600.
– However, slight recession will be better in the pace of development.
What will happen next in sector rotation?
– Sector rotation is expected to increase by 10-15% in railway shares.
– Both public and private oil and gas companies are expected to accelerate.
– IGL, Petronet and Reliance are looking strong.
– Shopping is going on in NBFC shares.
– The market’s infrastructure shares started yesterday and there is a possibility of moving forward.