The tension of the US tariff has spoiled the market mood. On August 1, the Sensex-Nifty closed close to the low-level day. After April 21, the Nifty slipped under 100 Dema for the first time. Pharma, healthcare, defense, metal saw heavy selling. There was also pressure on the Nifty IT and the Realty Index. On August 1, the Sensex closed down 585.67 points, or 0.72 per cent, to close at 80,599.91. The Nifty closed at 24,565.35 with a decline of 203.00 points, or 0.82 per cent.
In such a situation, how can the market move next week Arun Kumar Minister of Mantri Finmart Said that the market has continuously broken big support. The Nifty 100 Moving has slipped under the average. Due to which the weak is clearly visible in the Nifty. The market is falling continuously for 5 weeks and here we do not see any major support.
He said that it would be advisable to sell the market on a boom until the Nifty bare the 24800 level. A level registration of 24,800 has been formed and the market can slip up to 24450-24350 at the bottom. It is expected that shortcovering is possible at the market 24450-24350. However, the Nifty did not make a long position in the market until he crosses the 24800 level. A breakdown is seen in mid and smallcap.
Places these shares next week
JSL- Arun Kumar Minister can purchase from the current level in this stock. For this, a stoploss of Rs 689 was installed. The stock can show us a target of Rs 749 next week.
Ambuja Cement: In this stock too, Arun Kumar Minister has advised shopping. He said that this stock can be purchased for a target of Rs 634 with a stoploss of Rs 592. Arun Kumar Minister said that both these stock structures are very good and can outperform the market.
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