How can the market read this news before investing on September 25, 'Stock Market'
The market is still dropping. On Wednesday, September 24, the Sensex-Nifty closed with a decline for the fourth consecutive day. Midcap and smallcap shares sold. Realty, Auto and Energy Index closed with a decline. There was pressure on it, metal and bank shares. The FMCG index closed with a slight increase. The Sensex dropped 387 points to close at 81,716. The Nifty dropped 113 points to close at 25,057. The bank Nifty fell by 388 points to close at 55.122. The Midcap dropped 572 points to close at 57.924. Today, 22 out of 30 shares of Sensex were sold. 35 out of 50 shares of Nifty SAW. At the same time, 9 out of 12 shares of Bank Nifty were sold. Bonanza research analyst Vaibhav Vidwani says the market movements are expected to be further mixed. With the attitude of the American Federal Reserve and the progress of the Indo-us-Treasury talks, the market could be careful. This can lead to some power in the near future. Corporate income can see further improvements. The next one or two quarters is expected to improve it. Meanwhile, the continued reforms by government, government capital expenditure and increase in domestic consumption in the long run will be a positive factor for the market. Nagraj Shetty of HDFC Securities says that the market continued in the fourth consecutive trade session today. The Nifty closed 112 points. After a poor start, most of the day’s market continued to vary. Attempts to improve in the afternoon failed and the Nifty closed at the lower levels. On the daily chart, the Nifty made a recession cheeks with a small upper and lower shadows. Technically, this market activity is a sign of weakness with instability. Although the Nifty is at a 4 -day low, there are no signs of turnaround from the lower levels. In such a situation, the short -term trend of the market remains weak. According to the weekly chart, the Nifty can now slip to the most important lower support levels of 24900 (rising trend line and 10-week EMA). The immediate resistance for this is at 25150. Share these storytelling plates