If you are also trading in share market then this news is for you. The stock market is going to remain closed for four consecutive days. Today, after Mahavir Jayanti on April 14, the stock market will remain closed due to Good Friday tomorrow, February 15, and Saturday and Sunday after that. During this, the stock market, currency market and derivatives market will also be closed and everything will start from April 18.
On Wednesday, the stock market saw more sales for the third consecutive day. The Sensex was down 237.44 points i.e. 0.41 percent at the level of 58338.93, while the Nifty was down 54.65 points or 0.31 percent at the level of 17475.65. Rupak Dey of LKP Securities says that there was a lot of volatility in the Nifty in the trading session that ended on Wednesday. His attitude was becoming negative throughout the day. At lower levels, it challenged the levels of 17,400-17,450 and managed to stay above the level of 17,600. It is expected that the weakness in the market will continue. He added that crucial support for Nifty is now visible at 17,400. If Nifty goes below this, the market may weaken further. On the upside, resistance is visible for Nifty at 17,600-17800.
Amol Athawale of Kotak Securities says that profit-booking continues from higher levels in the market. The market trend is weak, but if Nifty manages to stay above its 20-day SMA, chances of a pullback rally cannot be ruled out. While support for Nifty is at 17,450-17,400 and for Sensex at 58,200-58,000.
This year BSE and NSE will have a total holiday of 13 days excluding Saturday and Sunday. The first holiday of the year 2022 came on 26 January. Later in the month of March, there was a holiday in the stock market on Mahashivratri and Holi. There is now a four-day holiday in April.
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