Market tanks on the fear of 2nd wave of covid in India by Angel Broking
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Below are Views On arket tanks on the fear of 2nd wave of covid in India by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
PFB opening market commentary:
India has become one the worst countries affected by the covid in the world. Nifty down by more than 350 points and Sensex down by more than 1200, we have seen that several state governments have taken a decision of partial lockdown during last week and even some states have extended the lock down also.
Earlier also we warned our retail customers about the valuation risk in the stock market as we were trading near a higher range of the last 10 year average.
We suggest retail investors to keep strike stoploss for their trading and short term investors to keep their position light and do not overbuy.
Above views are of the author and not of the website kindly read disclaimer
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
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