Share Market Outlook: The BSE Sensex and Nifty 50 closed with a fall for the third consecutive day on Wednesday. Investors also remained nervous ahead of the policy meeting of the US Federal Reserve. In the Sensex too, except IndusInd Bank and ICICI Bank, other stocks were selling. Sensex closed 135.05 points down at 52,443.71 and Nifty closed 37.05 points down at 15,709.40. In such a situation, it is natural to ask the question in the mind of investors that what mood of the stock market can be seen on the day of F&O Expiry and after that? Let us know what the experts have to say about this.
Deepak Jasani, Head of Retail Research, HDFC Securities
According to Deepak Jasani, Head of Retail Research, HDFC Securities, Nifty can remain in the band of 15,635 to 15,797 during the next two sessions. He said that the global market has shown some stability ahead of the policy meeting of the US Federal Reserve. However, weakness has appeared in the larger market.
Manish Hathiramani, Technical Analyst, Deen Dayal Investments
According to Manish Hathiramani, Technical Analyst of Deen Dayal Investments, the way the Nifty recovered and closed above 15,700 after going below the level of 15,600 on Wednesday, it indicates that the market will trade between the band of 15,400 to 15,900.
Gaurav Udani, CEO & Founder, ThincRedBlu Securities
Gaurav Udani, CEO and Founder, ThincRedBlu Securities said that Nifty can remain in the range of 15,500 to 15,580 in the coming trading session. But if Nifty breaks its support level and closes below 15,580, then after that it can go up to the level of 5,450 to 15400.
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Rohit Singre, Senior Technical Analyst, LKP Securities
According to Rohit Singre, Senior Technical Analyst, LKP Securities, Nifty is getting strong support in the range of 15,600 to 15,500. It has a more inclination towards the upper band range, so it can move upwards in the zone of 15,800-15,900.
(Story : Surbhi Jain)
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