Editor’s Take: Anil Singhvi EXPLAINS the ONLY FORMULA to trade in record-high stock market
In a special edition of Editor’s Take, Zee Business Managing Editor Anil Singhvi explains the only formula to trade in the record-high market is to know the level at which it will consolidate or show signs of weakness.
In a special edition of Editor’s Take, Zee Business Managing Editor Anil Singhvi explains the only formula to trade in the record-high market is to know the level at which it will consolidate or show signs of weakness.
The market guru mentioned that whether the market has started showing consolidation would be seen in the next couple of trading sessions, mentioning that it’s a range-bound market, which is giving an opportunity to give both sides.
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The US markets after almost five days fall have shown a jump on Monday, global cues are indeed supporting to the domestic market and there is no change in the medium-term, even the trend is positive, says Singhvi adding further that the trend will be positive until gives closing below 15575.
He added, if there is a fall in the asset class in the US then rise is also together, moreover, the commodity market is helping the market to recover most with Metal stocks leading the pack in the index.
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He also says, as the US market still in a bull run, the bond yield is also increasing, however, both bond yield and equity market aid each other when they are in opposite directions.
The market guru said, the time of making easy money, easy trade has gone while advising that the investors should trade with caution and with wisdom.
The market on Tuesday opened positive with Sensex hitting a new record high above 53000 and Nifty trading above 15800 levels. At around 11:30 am, BSE Sensex is trading around 300 points, while Nifty above 15850 levels.
01:44 PM IST