HomeLifestyleNifty may set a high of 2022, but one thing is bothering...

Nifty may set a high of 2022, but one thing is bothering the experts! Learn

Highlights

If it does not slip below 18,000, it will soon reach 18,350.
Then the level of Nifty’s record high 18,604 will become important.
If it falls below the level of 18 thousand then it will be a sign of exhaustion.

New Delhi. Today Nifty 50 did wonders. It has reached the highest level since January 2022. Today on November 1, it jumped 133 points and it reached the level of 18,145. Both today and yesterday, buying was seen in almost all sectors. There was a big jump in technology, metal, pharma and FMCG.

The index has formed a doji pattern today on the data charts on Tuesday. In the technicals of the market, doji means that there has been a war between the bulls and the bears in the market, but the result was not in any favor. Now the next session will decide whether the bulls will win in the market trend or the bears will once again dominate.

Also read – Diwali continues for investors, Sensex crosses 61000 and Nifty closes at 18145

Nifty50 closed above a psychological level of 18,000, which is a positive sign. Experts are now assuming that this level will act as support for Nifty50. Now this index can soon go above 18,350, which will be the high of 2022. After that again Nifty’s record high level of 18,604 will become important.

What do experts say
According to a news in Moneycontrol, Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan said, “The area of ​​18,000-18,100 will now act as a support according to the principle of role reversal. If Nifty stays above these levels, it can go up to 18,300-18,400.” He said but if the index slips below 18,000 then it will be a sign of exhaustion of the bulls.

Also read – Pump and Dump scam is an old weapon to cheat investors, know how to avoid it

There has also been good business in the broader markets with the Nifty Midcap 100 index gaining 0.87 percent and the Smallcap 100 index gaining 0.22 percent. About 1,069 shares rose against 900 shares that declined on the NSE.

Must understand India Wix
Talking about volatility, it was slightly increased today. India VIX, which is a measure to show potential volatility over the next 30 days, read 2-7 per cent to 16.13 per cent today. The rise of India Vicks is a sign of fear in the market. Whereas it remains calm or low, it is also considered a sign of peace in the market and the possibility of going in an upward direction.

Tags: business news, Nifty, Nifty50, Share market, stock market, Stock Markets, stock option

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments