Talking about further market movements Anuj Singhal, Managing Editor of CNBC-Awaaz Said that 2025 could be a very difficult but profitable year. Due to Q3 results, 2025 may start with a very cautious approach. According to most analysts, Q3 results may be bad. The Budget is the most important trigger for Q1 CY25. According to experts, recovery may start in Q4FY25 and growth in Q1FY26. According to most experts, 10-12% returns this year will also be good. The second half of 2025 may be good for the market. Nifty may set a new high in the second half of 2025. Traders respect the screen and take trades on both sides. Investors should remember their formula – use DIP and SIP.
Nifty: 23000 or 24,000 first?
Anuj Singhal said that now 2 levels are most important for Nifty. November lows of 23,260 and 200 DMA of 23,875 should close below 23,260 or above 23,875 for a larger trend. If 23,000 is broken then levels of 21,800-22,000 will open. If we cross 24,000, the path to 24,500-24,800 will open.
strategy on nifty
Anuj Singhal said that the first support of Nifty is at 23,450-23,500 (yesterday’s low, option data) while the major support is at 23,250-23,350 (November’s low). The first resistance is at 23,700-23,750 (Option Data). The first resistance is at 23,850-23,900 (200 DMA). Volumes will be quite low today. Most of the FIIs will be on leave today. Trade both ways and place a tight SL.
strategy on nifty bank
Anuj Singhal said that for the last two days the lower level of Nifty Bank is exactly at 200 DMA. The first support is at 50,600 (200 DMA, yesterday’s low). Major support lies at 49,800-50,000 (November lows). While the first resistance is at 50,950-51,050 (yesterday’s high). Major resistance was at 51,400-51,600 (Option Data). The buying zone is at 50,700-50,800, for this set a stoploss of 50,550. The selling zone is at 51,050-51,250 and for this SL is placed at 51,400.
Stock Market Live Updates: Gift Nifty is giving signals, Indian market may start weak
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