20-09-2024 05:40 PM | Source: PR Agency
Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Below the Quote on Post Market Comment by Mr Shrey Jain, Founder and CEO SAS Online - India`s Deep Discount Broker
Yesterday, we observed a bout of profit booking at higher levels; however, today the market sentiment has improved significantly, resulting in notable gains for both the Sensex and Nifty. This rally was driven by robust performances in the banking, automotive, and energy sectors. Specifically, the Sensex increased by 1,389 points (1.7%), closing at 84,574, while the Nifty rose by 375 points (1.5%), finishing at 25,790.
Looking ahead, the Nifty is poised to approach the 25,800 mark in the coming weeks. Given this outlook, a strategy of buying on dips appears to be prudent, especially as strong support has been established at last week's low of 24,750.
Looking ahead, the Nifty is poised to approach the 25,800 mark in the coming weeks. Given this outlook, a strategy of buying on dips appears to be prudent, especially as strong support has been established at last week's low of 24,750.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Paytm Transforms Indian Wedding Traditions with QR C...
India`s tech, durable offline retail market sees 10 ...
Buy Dhaniya Dec @ 7800 SL 7700 TGT 7900-8000. NCDEX ...
``To attract youth towards TV serials?``, Producer S...
Sell Naturalgas Nov @ 283 SL 290 TGT 276-270. MCX - ...
Buy Kapas Apr @ 1528 SL 1515 TGT 1542-1555. NCDEX - ...
South Korean steelmakers call for thorough strategie...
?Unique experience?``, Actress Shahana Goswami on wo...
Buy Zinc Nov @ 279 SL 277 TGT 282-284. MCX - Kedia A...
``Hero Banane Ki Koshish Kyon?``, Director Kanu Behl...
Tag News
Markets moved down further on Thursday after the weakness seen in the afternoon session of T...
More News
Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities Ltd
Weekly Market Outlook : It turned out to be a volatile week for equity markets By Ajit Mishra, Religare Broking
Daily Market Commentary : Domestic equities saw some buying interested boosted by impressive corporates earnings and increasing...
Daily Market Analysis : Markets remained volatile for yet another session and lost nearly half a percent Says Mr. Ajit Mishra, ...