Anil Singhvi explains stock market trends on expiry day; Know complete strategy here
The Market Guru said that a sharp recovery is being seen after every market correction. The markets have been recovering from the intraday lows on a daily basis and have been closing in the green.
Today is the weekly expiry day. So, what is in store for investors and traders? What are the changes in the trends regarding Foreign Institutional Investors (FIIs) and the Domestic Institutional Investors (DIIs)? What should be the trading strategy under the current circumstances? If all these questions are bothering you, then here are the answers from Zee Business Managing Editor Anil Singhvi.
The Market Guru said that a sharp recovery is being seen after every market correction. The markets have been recovering from the intraday lows on a daily basis and have been closing in the green. The markets have closed above the 15,100 mark on three consecutive sessions. What more strength does the investor want now, he quipped?
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The markets have made new records on seven consecutive trading sessions after the Budget 2021 announcements were made, the Managing Editor said. The FII inflows remain strong and there is no weakness in terms of technical parameters, he further said.
The global markets have only been aiding the domestic markets. The trends have been only on the higher side, he said.
There are also a few negatives, though, he said. There is profit booking whenever the market is at higher levels. The Nifty has not been able to cross the 15,200 mark despite reaching there. It has been two trading sessions. Today there is an expiry and may have some volatility, he warned.
If the 15,000 mark is breached in the downward direction, it will be a small negative, he said.
The best way to see the current situation is to see the trends. Nothing has changed in the domestic and international markets, in terms of trends, he said.
If one sees some short term sluggishness, the best thing to do is to go to the medium term view, he suggested.
10:19 AM IST