Anil Singhvi reveals 5 key drivers for bumper Nifty action today; know which these are
Thursday began on a positive note for markets and the strong uptrend in the US Markets on Wednesday became a strong trigger here, Zee Business Managing Editor Anil Singhvi said. The news emerging from the ongoing talks with China are also looking positive, he added. In this situation, the Market Guru indicated five triggers that will drive the markets today.
The first trigger is the good news coming from the US markets. The second indicator is the developments on the India-China border talks that are ongoing now.
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While the issue regarding China has been on the backburner for the markets, the latest development regarding working around a 5-point agenda that the two countries have agreed upon, augurs well.
The people have been stress-free on the India-China front for the past 8-10 days, he added. Though one does not feel this stress, if the situation aggravates the amount of stress that will develop cannot be imagined, the Market Guru further said.
The third important trigger is in the primary markets where two important players will be in action. Both the companies will hit a triple century from the point of view of making money, Singhvi had predicted. Both CAMS (Computer Age Management Services) and Chemcon Speciality Chemicals Limited were listed today with significant gains.
The fourth important indicator is the Unlock 5.0 guidelines and many restrictions are being lifted including opening of the multiplexes.
Another indicator is the long weekend ahead. The Markets will remain closed on Friday on account of Mahatma Gandhi Jayanti.
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The Foreign Institutional Investors have been on a selling spree over the last 8 trading sessions. However, there is some application of brakes in the futures and options markets.
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