Market Mood: The Indian benchmark index closed slightly in the Valletail trading session of 19 February. At the end of the trading session, the Sensex fell 28.21 points or 0.04 per cent to 75,939.18 and the Nifty fell 12.40 points or 0.05 per cent to close at 22,932.90. However, due to selling in IT shares, the markets closed with a slightly negative trend. But the expectation appeared in the broad market. After the recent selling, the mid and and small-cap stocks rose. Despite the growing bavali of FII and uncertainty due to the ongoing tariff war, recently beaten sectoral shares such as banking, automobiles, telecom, metal were seen to be purchased.
Ajit Mishra of Railways Broking Says that the market continued to fluctuate and it almost closed. This showed the stage of current concertedation moving forward. Following the initial decline, the Nifty recovered rapidly in the early hours. But later due to lack of procurement and pressure on select heavyweight stocks, the Nifty appeared to struggle to maintain its boom. In the rest of the business session, it remained within the scope and finally closed flat.
Area-wise trends were mixed, which led to enthusiasm in the traders. Realty, metal and energy performed better. While IT and Pharma lagged behind. The main attraction of today’s session was a boom in mid and smallcap. These led to an increase between 1.5 per cent to 2.3 per cent.
The innocent state in the index is disturbing the market. This volatility may continue on Thursday. In such a situation, adopt a stock-specific strategy. Focus on strong sectors and themes. Particularly adopt a strategy of focusing on and slowly shopping on sectors and themes that remain strong even during the market fall. In addition, traders should avoid giving great importance to the speed of one day in midcap and smallcap stocks and wait for a clear indication of recovery before taking a new position.
LKP Securities Format Day Says that the Nifty remained within a realm. The fluctuations in this scope are also intact. The level of 22,800 will remain important support at the lower level. We do not expect any major decline in the market until the support of 22,800 is broken. A decisive decline below 22,800 may trigger a large correction. However, the market will remain in a limited range until this happens. Registration for 23,000/23,150 Nifty at the upper level can work. The brakeout above 23,150 can bring a new speed in the market.
Market Outlook: The market closed flat after heavy uproar, know how it can be on February 20
Vinod Nair, research head of Geojit Financial Services Says that Nifty traded in a limited range with a slight decline. Selected small and small stocks saw shopping. Bargen Bing came in beaten stocks. The change in the attitude of FII investment also affected the market situation. The market is expected to be strong in India’s GDP in the third quarter. At the same time, the market is also getting strength with hopes of lead in government expenditure. In such a situation, the large cap stock is presenting a better risk-reliever while running its proper valuation.
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