UPWARD TREND EXPECTED BY NIFTY


The Indian Stock market plunges to 9040 mark (Nifty) due to slowdown in economic activities in the entire country even after some relaxation in the lockdown 4.0.  The domestic airlines started operation on Monday though some of the states have not shown their preparedness and are in the favour of extending their restriction till month end.  On the other hand there is a constant rise of Covid-19 cases, putting enormous pressure on market activities which is also one of the major reasons for current economic slowdown apart from international economic conditions.
 As it is clearly seen that the market has already observed the bottom out and is very much anticipated to witness steep hike in the coming days.  It is also to be noted that banking sector has not shown any indication of break through.  Under these circumstances banking sector is over due to give sharp upward movement within few days. 

The Nifty is expected to go up around 9200 mark on opening Tuesday’s stock market supported by Private Banking Sector since our stock market is high influenced by NYSE as it is positive.


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