look news india
Share Market Marathi News: In the last 4 days, the Sensex has seen a great rise of 4,706 points. At the same time, the Nifty also jumped 6.5% and crossed the major resistance level. The market, which saw the improvement after the first decline, is now moving in the direction of fast. Both investors’ spirit and market conditions have become very positive.
The metaphor de of LKP Securities described it as a ‘fast and fierce’ step. He says that Nifty has gained about 10% in a few days and has crossed two important swing highs. According to him, the market trend is quite positive and as long as the Nifty will remain above 23,300, we can see up to 24,100 and perhaps up to 24,550. At the moment, he has advised to shop in the fall, that is, to shop on the fall.
This speed of the market may become stronger in the coming days.
These days the market is growing rapidly and this is not a small growth. If we look at it from a technical point of view, it is a very interesting thing. The market has crossed the 20-day and 50-day moving average firmly and if we look at the weekly chart, it has been in a rift for the last 2 weeks.
Interestingly, it also has a ’empty upper part’, which experts consider ‘Bullish Breakayway Gap’. Now market experts like Sandeep Sabharwal say that this fast is being ignored. He said that when the market moves rapidly, it is very difficult to estimate its speed. This is because the trend of rapid decline cannot be identified in advance.
But the helpful thing at this time is that India’s massive situation looks quite strong. Inflation is decreasing, government spending is increasing, and people are getting more expenditureable income due to recent tax reforms in the budget. Sandeep Sabharwal believes that earlier the market was surrounded by ‘excessive negativity’ and now this negativity is ending rapidly. This means that the situation is positive for India and the rise in times to come can be stronger.
