CNBC-Awaaz, Managing Editor, Anuj Singhal
The problem with this market is that there is no trend. The market is neither rising nor falling. The market is sideways but also quite volatile. And for the last 3-4 days, money was made only by selling. But selling is also an art, there are big recoveries in between. Yesterday also there was a recovery of about 70 points at the end. There is a lack of triggers in the market at this time. And at this time in the market it seems that someone is trapped. Even the promoters and the government are trapped. Yesterday the promoter again sold stake in Ola at life low. Voda Idea again slipped from `12 to `11. In such a situation, only those who are in cash or those who know how to short the market are enjoying.
Market: today’s signals
There is a lack of triggers in the market at this time. Today is the weekly expiry of Sensex. Tension between America and Russia has increased again. Crude then moved towards $61/bbl. There may be profit booking in OMC shares today. Today’s biggest question is, what will happen in IT stocks today? It is clear that there is now a fear of a big correction in Nasdaq. The AI bubble in America can burst any time. In such a situation, it is possible that Nifty IT will take the lead from here. Golden crossover has also been formed in Nifty IT and the weakness of rupee is also positive for IT. Yes but if the Nasdaq drops 20% then everyone will fall. India-US trade deal is also stuck somewhere. Keep an eye on stocks related to capital market today. A big rally is possible in capital market shares today. SEBI’s decision is not as strict as feared.
Market: What should be the strategy now?
Here’s a bold call we’re taking today. At this time everyone hates the market. This means we are in the best zone for investment. Respect the screen in trading and also go short. Look for opportunities on both sides in intra-day. If 25,700 is left on Nifty then short covering can also happen. But if the horizon is more than one year then remember to buy ETFs without any fear. This year itself Nifty had slipped to 22,000. But the person who bought there is still in profit. The market has suffered a lot and still has not fallen much. This is not a weak market by any means. Yes, there is a lot of pain in mid and small caps. But the reason for this is the expensive valuation of mid and small caps. A bubble was formed in mid and small caps in 2021-2024. Now in 2025 that bubble has burst. Do not sell good mid and small cap stocks here. But you may also incur losses due to poor quality shares.
strategy on nifty
The first support is at 25,750-25,800 (yesterday’s low) while the major support is at 25,675-25,700 (series low). If it slips below 25,675, there is a danger of slipping to 25,400-25,500. If Nifty wants to bounce back then this is the right place. The first resistance is 25,825-25,875 (neutral zone). Major resistance is at 25,900-25,950 (Collapse zone).
Strategy on Bank Nifty
The first support was at 58,800 (yesterday’s low) while the major support was at 58,400-58,500 (options zone). The first resistance is at 59,100-59,150 (yesterday’s high). Major resistance is at 59,400-59,500 (Options Zone).
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