Stock market: Indian stock market Benchmark Indexes Receiving a gain of about 1 percent, ended on September 3 Closing With the edge. The market witnessed an increase for the second consecutive day on Friday. The Sensex rose by 224 points or 0.28% to close at 81,207, while the Nifty increased 50 58 points or 0.23% to close at 24,894. Overall market Braidth Positive doing. Metal Shares rally rally all week Lead Did. Nifty Metal The index rose by about 4% this week.
In such a situation, talking about the further move of the market Kotak Securities Of VP-Technical Research Amol Eighty Says in the shorteks ended on September 3 Benchmark Indexes From lower levels Recovery Got to see. The Nifty closed up 0.97 per cent, while the Sensex closed up 780 points. Sectoral Indexes If you look at it, almost all important Sectoral The index appeared to be rising from the lower levels. PSU Bank and Metal The index performed the best, PSU 4.45 and in the bank Metal 3.90 in index Percent Got a boom. This week the market near 24,600/80200 Support Lee and returned here rapidly.
technology Perspective If you look at Daily On the chart, it Bullish Reversal Pattern Made and Weekly On the chart, it a small Bullish Candle Created, to a large extent Positive Is. Amol Eighty Believe that 24,800 for the market in the near future-24,600/80800-80200 But important Support Can be seen. The market is likely to continue in the market if it remains above this range. Market us 20-day SMA ,Sipil Moving Average) Or can increase up to 25,000/81400. Further, there may be a boom further, which can take the market up to 25,150/81900.
On the other hand, the market when going below 24,600/80200 Mood And may get spoiled. If the index comes below this level, then Trader Own Long Position Can cut. For bank Nifty, 50-Day and 20-Day SMA Or 55,200 and 55000 important Support Will act as a zone. At the upper level, this boom may continue to 56,000-56,300. However, if the bank Nifty 55000 20-Day SMA If it comes down from Uptrend Can be weak.
HDFC Securities Senior Technical Research Analyst Nagraj Shetty Said that after showing a bounce from the lower levels on Wednesday, Nifty traded in a limited range on Friday. But it continued to increase. At the end of the day it closed with a 57 -point lead. Daily A long bull on the lower levels on the chart Candle Bani, which indicates the opportunity of shopping on the decline in the market. This market Action On Tuesday’s low level 24600 Short Term Bottom Reversal Also confirms Nifty Short Term trend PositiveBy next week the Nifty can go around 25200. Tatkal at 24750 for Nifty Support Is.
Disclaimer, Moneycontrol.com Thoughts given Expert They have their own personal views. Website or Management For Answer Not there. Users To money Control It is advisable to make any investment decision Certified Expert Take advice of