Stock Market: According to analysts, last week the Indian market also remained buoyant amidst the positive trend of global markets
According to analysts, last week the bullish sentiment in the Indian market also remained amid the positive trend in the global market. India will celebrate its 75th Independence Day (Independence Day 2022) on August 15. Then the market will open again on Tuesday, August 16. Before that, let’s find out from the experts how the market will be next week? What things should be kept in mind before investing?
Global market impact Ajit Mishra of brokerage firm Religare Breaking (Religare Breaking) said, the impact of macroeconomic data will be seen in the first trade of the market on Tuesday. IIP and CIP and other global indicators will also be affected. According to global market trends, rotating yung is seen in all sectors at this time. So investors should make their positions accordingly.
Nifty ended the week on a positive note for the fourth time in a row, said Gaurav Ratnaparkhi on behalf of ShareKhan. Talking about the level of Nifty, 17,750 to 17,800 is important. It is this segment that can determine whether the Nifty will continue its uptrend or not. Hence short term traders are advised to book profit in Nifty. But traders should keep stoploss at 17,500 level.
Nifty may move higher today Rupak Dey of LKP Securities said the trend may remain strong despite trend line resistance next week. A strong zone of 17,750 to 17,800 is seen in Nifty. If it can break the 17,800 level, it could go higher. On the other hand, it could stand at 17,300 if it falls.