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
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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.
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