Today Sensex closed at 18,376.48 with -117.70 down points or down by -0.64%. And the Nifty closed at 5,516.75 with -33.60 down points or down by -0.61%.
On the other side in the Derivatives Nifty Futures: it closed with -24.65 negative points and settle at 5,533.80 down by -0.44%. So over all market was down today and may start with same manner in next trading session.
The market still has to deal with a few headwinds, high oil prices and rising interest rate cycle, this is not going to be very good for equity valuations at least in the near term. However, these won't dramatically impact the market because people are already underweight and aware of some of these risks. There can be a plus or minus 10% on either side at this point in time unless either things get significantly worse .
As the Market showing ups and downs in last some trading sessions, It is not a right time to make a long term position. We recommend that trade in small profit and trade in Intraday positions and if you get 30-50 points up that will be right time to put out your self from the market.
Bullish stocks for next week- Tata Motors, Hero Honda, Bajaj Auto, Maruti Suzuki India Ltd.
Do you like this article? Share It!
My Blog List
-
-
9th September Free Stock Tips: Stock in News7 years ago
