Stock Market Bottom: Does the Nifty 50 improve, more or more pain left than the sensex? Weight of experts Stock market news

The Indian indices on Monday abolished the streak of eight-sons operated by a strong rebound in banking shares. After taking a dip for the morning climb, BSE Sensex Back to 76,000, while the Nifty crossed 22,900, which was inspired by profit in the financial sector.

Amid mixed global signals, Indian index Started on a weak note and continued the pressure selling throughout the day. However, the procurement of the middle session helped them to rebound at least a day, eventually shut down slightly.

“The Nifty opened the gap but managed to fix the damage due to the emergence at the lower level. This ended 30 points over 22,960 levels (+0.1%) after 8 consecutive consecutive sessions. The broad market indexes are also marginally closed with Nifty Midcap100 and Smallcap100 in green. In addition, the investor’s interest was seen in consumer durables, metal, oil and gas and PSU banking. The spirit of the overall market is cautious amidst continuous FII sales, American trade tariff concerns and weak quarterly earnings. This Q3 Earnings season saw a decline in greater numbers than upgrades. Weakness in consumption with a pulling from items has put pressure on earnings, even though BFSI, Healthcare, Capital Goods and Technology have posted a healthy print, ”Siddharth Khemka, Head – Research, Wealth Management, Motel Oswal Financial Services Limited Ltd. Said.

How is the market likely to open tomorrow?

According to Mandar Bhojana, research analysts, choice broking, are likely to reduce sales pressure in the market, however, more improvement or negative side will depend on major levels.

“This price action, with a rapid piercing pattern and significant amounts, suggests that pressure can be ease of sales. However, whether the improvement is over or remains more negative, depending on the major levels and market spirit, ”said Bhoomain.

Bhojne added, “The oversold region has a potential recovery for a possible recovery like RSI (39.05) and stochastic RSI, but requires a strong close close to a strong closer than 23,200 to confirm a rapid reversal. On the negative side, if Smell It fails to maintain above 22,800, it can further slip towards 22,600 and 22,400. ,

What should investors do?

Rajesh Bhosle, Technical Analyst, Angel One Limited -Angel One says that strong support is clear at every 100 -point interval, from 22800-22700 (bottom of wedge) to 22600-22500, which mail with 127% retracement Eats Rebound in early February.

Bhosle recommended investors to avoid sales, avoiding taking new small positions.

“Given these factors, we do not estimate significant negative risks, and bulls can try recovery in the near period. Therefore, we recommend traders to avoid selling terror and avoid starting a fresh small position. Instead, any dips can be seen as opportunities to accumulate quality names in a stagger manner. He said, while we do not want to sound a lot of Gang-Ho, we like to take a step at a time. Immediate resistance is placed on 23250, which is align on the chart per hour with 20-day EMA and Intrade High, while the upper limit of the falling wedge near 23400 remains a significant hurdle. Traders should closely monitor these levels and plan their trades accordingly, ”said Bhosle.

Rejuvenation: The ideas and recommendations provided in this analysis belong to individual analysts or broking companies, not mint. We recommend investors to consult with certified experts, consider personal risk tolerance, and do completely research before making investment decisions, as the market situation may change rapidly, and individual circumstances are different Can