Midcap Mantra: – At present, Sensex and Nifty were seen trading in the market in a strong decline. The Sensex saw a recession of more than 634 points and in the Nifty more than 196 points. Talking about midcap shares, there was a decline in the shares of SAIL, NMDC and Nalco from the metal sector. In the pharma sector, the shares of Ipka Labs, Elkem Laboratories, Suven Pharma, Loral Labs saw weakness. Among the public sector banks, shares of Indian Bank, Bank of India, IOB and Union Bank were seen in red mark. While Sobha, Macrotech Developers, Prestlers Estates and Brigade Enterprises of Realty Sector saw selling. Meanwhile today at the Midcap Mantra of CNBC-Awaaz Arun Kumar Minister of Mantri Finmart Told some good stocks for trading in the moving market. He gave his opinion on the market today to bet till market closing.
Mantri Finmart’s Arun Kumar Minister’s opinion on Nifty
Arun Kumar Minister of Mantri Finmart said that the market’s breath is looking very bad. Most of the beats are seen in midcaps. As far as Nifty is concerned, the Nifty is seen trading for a long time in the level of 23350 and 23400. The resistance earlier was now seen near support in it.
Arun Kumar further said that 23300 should be seen working as a strong support. I think a reversal can be seen from here on this day.
The market is doing business near the Intrade Point of View in terms of support. We believe that as long as the Nifty is holding a level of 23300 or 23350. Till then it will not be recommended for selling. On the other hand, if the Nifty is close above 23400, then we can also see reversal in it.
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Mantri Finmart’s Arun Kumar Minister’s opinion on Bank Nifty
Talking about the bank Nifty, Momentum was seen from the level of 49700 and 49800. After that the bank Nifty was seen going to 50400 and 50500. The market looks somewhat stable. However, there is definitely a decline in midcap smallcap. We feel that recovery can also be seen in it.
Arun Kumar Minister of Mantri Finmart
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