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
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
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
Research links frailty to dementia risk
PM Narendra Modi hails Pankaj Advani`s `phenomenal a...
When Vidya Balan was ?thrown? out of a very big Tami...
October Sees Record Inflows in Equity Mutual Funds, ...
Bitget Forays into UK Market, Offering A Broad Range...
Karnataka takes the lead in emerging technology, wit...
Motilal Oswal AMC Unveils Results of 2nd Edition of ...
Quote on Debt Outlook by Puneet Pal, Head Fixed Inc...
Leveraging China Plus One Strategy can significantly...
Market Shifts: Palm Oil, Cotton, Corn, and More Face...
Tag News
Market Quote : FII-triggered selling pressure continued to impact the domestic market Says V...
Quote on Nifty by Rupak De, Senior Technical Analyst, LKP Securities
Market Wrap by Shrikant Chouhan, Head of Equity Research, Kotak Securities
Daily Market Analysis : The Markets remained under pressure, shedding over a percent, extending the ongoing correction phase Says Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
