look news india
News India Live, Digital Desk: Today is December 24, tomorrow is the Christmas holiday, and it seems that the big players in the market (Investors) prefer to withdraw their money and keep it in their pockets before going on holiday. The light greenery of the morning has now disappeared and the red zone has ruled the screen.
What is the latest situation?
There is clearly visible pressure in the stock market at this time. The Sensex which was raising hopes in the morning is now falling. below 85,500 Has arrived. This was a psychological level, breaking which is a bit nerve-wracking.
There itself, Nifty The situation is the same. That too has slipped from the green mark to the red. It seems that people at the upper level are selling the goods and leaving (Profit Booking).
Why did the decline occur?
Look, there are two-three obvious reasons for this:
- Holiday Mood: Tomorrow is Christmas and then New Year is coming. Often during these days, big foreign investors (FIIs) are not active or sell. The ‘volume’ in the market is low.
- Expensive Valuation: The market was already at a high level, so some decline or ‘correction’ was bound to happen.
- Pressure on IT and Banking: Today IT and banking stocks are not performing as per expectations, which pulled the market down.
What is the outlook for traders now?
If you are a day trader, then brother, be a little careful today. The market can be “trappy”—meaning you think it’s going up, but it may actually come down. Adopt a ‘wait and watch’ approach until a clear trend is seen. Capital can be wiped out through forced trading.
For those who are long term investors, this small decline is not a matter of panic. If good shares are available cheap, keep an eye on them.
