Powered by: Motilal Oswal
5/07/2023 3:06:28 PM | Source: Angel One Ltd
Market Sentiments Quote : Nifty is now nearing it`s important cluster of 19450-19500 Says Sameet Chavan, Angel One Ltd
News By Tags | #6943 #2730 #879 #1014 #5739 #59

Below is Quote on Market Sentiments Quote By Mr. Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel One Ltd

 

Nifty is now nearing it’s important cluster of 19450-19500. After seeing a vertical rally in last 6 trading sessions, some sort of breather or minor pause cannot be ruled out. Hence, traders can choose to stay light ahead of expiry after reaching mentioned levels. By no means, we expect a complete reversal in the market, rather any small decline should be considered healthy from a broader perspective. We may then see Nifty gearing up for a next move towards 19800-20000 and for BANKNIFTY 46000 and beyond levels.

 

Above views are of the author and not of the website kindly read disclaimer

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here