Share Bazaar Alert! Market Guru Anil Singhvi lists out both sides of market sentiments on last day of expiry – check levels here
Zee Business Managing Editor and renowned Market Guru Anil Singhvi in a special edition of Editor’s Take explains the dilemma of the market by pointing out the pros and cons while giving a metaphor of heart and mind.
Zee Business Managing Editor and renowned Market Guru Anil Singhvi in a special edition of Editor’s Take explains the dilemma of the market by pointing out the pros and cons while giving a metaphor of heart and mind.
Singhvi says that the current market sentiment is like a tussle between heart and mind when you want to take a decision on something and this is with regards to the market. The former wants to believe everything is good and there is buying mood, while the latter is reluctant to be comfortable in the given situation.
See Zee Business Live TV Streaming Below:
While points out the pros, Singhvi says, volatility in the global market, Foreign funds selling, and rising cases of the corona, despite all of these odds market is still strong and boosts confidence. He suggests, Nifty for the last three sessions have closed above 14800 level and had almost gave a breakout indication on Monday by closing above the 14900 mark.
On the other hand, the market guru while listing out the cons says, the FIIs are on a selling spree and they are reducing their long position. There is something which they are able to see in the market that the other investors/traders couldn’t, we get to know this eventually, says Singhvi, adding further how long the market would defy the odds and grow against the sentiment of global funds.
एक्पायरी के लिहाज से आज कैसा रहेगा बाजार?
अनिल सिंघवी- लेवल्स पर फोकस करें... सपोर्ट रेंज में खरीदना है और रेजिस्टेंस में मुनाफावसूलना है... रेंज के एंड में ही करें ट्रेड#EditorsTake #StockMarket #Nifty #BankNifty @AnilSinghvi_ pic.twitter.com/RmQjonLmA1
— Zee Business (@ZeeBusiness) May 12, 2021
As today being the last day of expiry, amid a holiday tomorrow the chances of corona cases increasing is more, will that have an impact on the market eventually, says Singhvi.
He also mentions, making money from the stock market is not easy but the mid and small cap space is continuously surging, you name stock and there is a minimum growth of at least 5 per cent. This concerns the market guru how long it will sustain the positive sentiment.
Singhvi advises investors to trade at either end of the range of Nifty and not at the middle. Only after the breakout of the current trading session is likely to grow. He leaves on investors/traders on which side of the fight they want to be as both have their merits and demerits.
01:17 PM IST