Nifty Strategy During Market Hours : There is a slight rise in the market today. At present, Sensex and Nifty are seen trading on the rise. Giving her opinion on the market, Madhu Bansal of Finberg Management said that we had also said yesterday that the level of 23680 in Nifty is a level where we can see selling pressure. Yesterday also and in this morning’s session we saw selling at that level. But as soon as the data changed and buyers started gaining momentum in the market, now a range of 23600 to 23900 is seen in Nifty. However, traders would be advised to buy on dips in Nifty for today.
Om Mehra of SAMCO Securities’ opinion on the market
While giving his opinion on the market, Om Mehra said that if we talk about broad range in Bank Nifty, it will be between 50000 to 52000. A lot of shuffle will be seen here. If we see, Bank Nifty has given annual returns of more than 5 percent. Nifty has seen a return of about 8.8 percent. If we talk about December, we have got returns of around 2%. A slight downward weakness may be seen in the index in a week or two. After that a good bounce can be seen in the market.
He said that if we talk about intraday, today the level of 51000 has been broken on the upside. If the index stays above this level for half an hour, then the index can rise by 350 points more.
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