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A small range remained after the positive opening. However, the sentiment remained a bit weak, rallying in favor of the sellers. Till then the current situation may continue.
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As long as it stays below 17,800. People under the age of 17,400 are seen supporting. The globe will remain in a broad range of 17,400-17,800 in the near term.
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There was heavy selling pressure after gap opening at the beginning of the session in case of sensation on 31st January.
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Nevertheless, the indices continued to recover with the day closing in the green. The index is heading towards 17,800 level with this bounce.
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Further course of action is important from a short term perspective. If the index manages to cross 17,800, it will be set for a bigger rally.
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All are possible in the range of 17,400-17,800. The Indian market is underperforming compared to the rest of the world as it is collecting corporate premiums.
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in the domestic industry which is in contrast to the optimization for FY24. Digitization has subsided, trading with currently developed consumers such as the US.
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However, we continue to account for other participants trading at a premium. The Adani saga has prolonged reform.
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Because Fii sales have increased. Now the market has a mixed view of the Fed claim and the fake market of the budget.