Tuesday, November 24, 2020

Stock Market | Nifty & BankNifty Outlook | 25 Nov 20

  

 Nifty and BankNifty, Stock Market Outlook 25 Nov 20


Stock Market Today 

Continuing their gaining streak, Indian equity benchmarks ended at a record close on Tuesday with Nifty crossing the 13,050-mark for the first time ever, following advances in global peers largely because signs of progress on a COVID-19 vaccine which in turn spurred hopes for a faster economic recovery.

 Benchmarks made optimistic start and traded in fine fettle, as sentiments got a boost as Finance Minister Nirmala Sitharaman assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. Some positivity also came as Care Ratings said the economy is expected to throw up better numbers in the September quarter with GDP contraction of 9.9 per cent, as against 24 per cent in Q1 at the onset of the pandemic.



Nifty Outlook


As we discussed yesterday that Nifty is very strong and can test 13048 and today it behaves on our expectation and gives closing near it.

Today Nifty break the most awaited level of 13000 and give closing above it with good volume . So further more upside level can be tested in upcoming trading session.

Until we did not see any major signal or breakout our view is positive and every dip or correction is still a chance to make long position in the Nifty for the level of 13098- 13149.



BankNifty Outlook


Until we did not see any major signal or breakout our view is positive and every dip or correction is still a chance to make long position in the BankNifty till the level of 30474 is achieved .


Thanks for your Precious Time.


Finvest Online
Telegram  :  t.me/finvestonline




Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.

No comments:

Post a Comment