Talking on the technical setup of the market, Kedianomics founder Sushil Kedia said that there is a recession in the minds of people about Nifty. But it is really ready for speed. On going above 23340, it would be advisable to place the day by putting a stoploss on the day. Bank Nifty is also seen shopping signals now. Shop in bank Nifty by putting a stoploss of 20-30 points from today’s low. The first stop from here for bank Nifty is showing 1000 points. After that, the level of 54000-56000 can also be seen in it. The market is breaking down without reason at this time. Everything is running on the sentiment. The restment is now at its peak. From here, bottom will soon be seen in the market. After that it will increase again.
Sushil Kedia says that there is a hurry in the market with smallcap shares. But the right thing is that now this index is on the verge of being bottom out. Smallcap in Euphoria of 2025 will again grow strongly. In 2025, there will be many doubles and triple shares in the small cap. The market will earn courage to earn money. Nothing has happened to the market for which so much courage should be broken.
Trading Plan: Will the Nifty move towards 23500, the bank will go above 50300?
Talking on the shares of Adaani Group, Sushil Kedia said that only after going above Rs 2475, there will be advice to buy in Adani Enterprise. Talking about Adani Port, it will be advisable to purchase for target of up to Rs 1800 in this stock.
Talking on Kotak Mahindra Bank, Sushil did that the pattern of this stock seems to be trapping and confusing. It is advisable to stay away from this stock. In bank shares, PSU banks may rose by 30 per cent in SBI. IndusInd Bank still shows a 25 per cent rise from here. Axis Bank is also expected to rise by 30 percent.
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