Experts Views: Market’s short -term trend positive, expecting a strong boom in the Nifty on going above 25000 – Experts Views Short Term Trend of the market is positive strong uptrend is expected in nifty if it crasesses 25,000

Market today: After a poor start of the week, the Indian benchmark index closed up taking a boom in the May 23 season. The Nifty has closed close to 24,850 today. At the end of the trading session, the Sensex rose 769.09 points or 0.95 per cent to 81,721.08 and the Nifty rose 243.45 points or 0.99 per cent to 24,853.15. Today about 2238 shares have gained. 1557 shares have declined and there has been no change in 152 shares. ITC, Power Grid, Bajaj Finserv, Jio Financial and HDFC were the top gainers of Nifty today. While Sun Pharma, Grasim and some other Nifty shares closed in red mark.

Vinod Nair, research head of Geojit Investments The domestic market says about half of the damage damage. The market has gained support in FMCG and IT stocks. FMCG benefited from early arrival and better monsoon forecast. Whereas IT stocks saw recovery after good correction. High -divided fiscal fiscal from RBI is increasing the expectations of consolidation. This affects the decline in Indian bond yields. Investors focus on the US-India trade deal and strong domestic macroeconomic indicators. However, FII clearance may increase due to growing American bond yields amid growing concerns with rising American debt. This can affect the market sentiment.

Prasanna Pathak, managing partner of The Wealth Company, says that the temporary relief in the US-China tariff has given relief to global markets. Due to this, all the sectors from metal to technology increased. This condition is particularly beneficial for sectors that are most affected by tariff stresses. The market’s short term trend has improved. But investors should maintain a balanced attitude. There is a need to reduce the pressure of inflation in the market, reduction in interest rates and improvement in earnings. At this time there is a need to focus on defensive shares of good quality. Keep in mind that there is good wealth creation in the long term.

LKP Securities, Senior Technical Analyst Roopak Dey says that the Nifty has moved upwards after getting support on 21-Day EMA. Broadly, the Nifty may appear to be consolidated within a range of 24,700–25,000. The market’s short term trend remains positive. Nifty is expected to rise further when moving above 25,000. Any decisive breakout above this level will strengthen the bulls and the Nifty may appear to be moving towards 25,250-25,350. There is support at 24,700 for the bottom Nifty. Break below this level may increase the decline.

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Ajit Mishra of Railways Broking says that despite mixed global signals, this bounce is a sign of positive sentiment. Investors are using the decline for shopping in quality shares. Banking and financial sectors have seen new purchases after consolidation. We advise to adopt a strategy “purchase” strategy while focusing on select stocks. Until the Nifty falls below 24,500 points. The market is expected to boom.

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