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Stock Markets on Monday: Nifty and Bank Nifty are expected to pick up. Anil Singhvi provides important trading levels, investment tips

Monday Stock Market: Friday’s Indian stock market closed almost flat, albeit with a negative bias. The BSE Sensex fell 12.27 points to close at 61,223.03, while the broader market, the Nifty 50, closed at 18,255.75, two points below Thursday’s closing price.

The market recovered towards the end of the trading session after trading in red most of the day. Nifty Bank settled at 38,370.40, down almost 100 points by 0.26 percent. On the other hand, the Nifty Midcap 100 also ended with a slight loss.

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On Friday, Foreign Institutional Investors (FII) were net sellers, selling 1598 Krone worth of Indian stocks, and Domestic Institutional Investors (DII) were net buyers, buying 371 Krone worth of stocks during the day.

Anil Singhvi, editor-in-chief of Zee Business, said the stock market has traded in the range for the past three days in a row. Domestic clues were mixed, but global markets also showed some weakness.

He added that major indices such as the Dow, Nasdaq and S & P ended up in the red.

The editor-in-chief said the Nifty50 received support at a level of about 18,150 and changed the order from there. But the biggest point is the last hour of trading that stimulates self-confidence. This was a trend in past sessions, and Friday was no exception, Shinbi said. 50 shares of idex hit a daytime high in the final session. Bank Nifty showed a weaker trend than Nifty 50 on Friday. However, it retained an important support level of 38,000 and showed recovery.

The signs of next week when the market will reopen on Monday are positive.

Mid-cap and small-cap stocks continue to perform well, with stocks related to the 2022 budget taking the lead, market leaders said.

The undercurrent is strong, even though the index shows some weakness.

Monday’s Zee Business Strategy:

The US market will remain closed on Monday. He said the shift in the base of the domestic market is going well.

Anil Singhvi Nifty Strategy:

Nifty50 finds strong support between 18,125 and 18,175 and may buy at these levels. The immediate resistance will be 18,300, and if this is broken, Nifty will try to trade in the range of 18,350 to 18,425. The index will try to scale the new life highs, so it could be weakened or weakened next week.

Anil Singhvi Bank Nifty Strategy:

Investors should not worry until the 38,000 level does not fall. Signs of weakness are below this level. Resistance develops between 38,700 and 38,850. Beyond this resistance zone, it goes further up.

However, the editor-in-chief says the first breakout will occur at Nifty50.

The action of mid-cap socks in the cash market is high, and counters are witnessing breakouts one after another.

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He concluded that investors must find stocks that could rise by 15-20% in a week.



Stock Markets on Monday: Nifty and Bank Nifty are expected to pick up. Anil Singhvi provides important trading levels, investment tips

Source link Stock Markets on Monday: Nifty and Bank Nifty are expected to pick up. Anil Singhvi provides important trading levels, investment tips

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