By Admin 
Last week, the Indian stock market saw a strong shock. After two consecutive weeks, both Sensex and Nifty declined by about 2.6 percent this week. The biggest reason for this decline was a global potential trade war. Apart from this, tariffs imposed by the US and the selling of foreign investors also affected the Indian market.
On Friday, the Sensex fell 2,050 points to close at 75,364.69, while the Nifty fell 614.8 points to 22,904.45. On Friday, the Nifty and Sensex fell by 1.5 percent and 1.2 percent.
Why the market broken?
The atmosphere of fear in global markets due to tariff war between America and other countries
The huge decline in US stock market also shocked domestic investors’ expectations
Foreign institutional investors (FIIs) started selling Indian shares again
The biggest impact on IT and metal sector, IT index lost 9.2 percent in the biggest weekly decline of 5 years
Metal and energy stocks also saw 7.5 per cent and 3.8 per cent fall
‘Defensive Boying’ appeared in market volatility
Pharma sector picked up
Pharma Stocks saw a boom between the week when the sector was exempted from the tariff, but the threat of US President Trump also put a brake on the rally. The pharma index fell 4 percent on Friday.
How can the coming week be?
According to The Mint’s report, experts believe that the Nifty has now slipped below all the important moving average support. The next support at 22,600 and if it is broken, it is possible to fall directly by 22,100. At the same time, 23,100–23,400 has now become a big resistance. Bank Nifty has performed better than the market. 50,700 is the first support of this and if it turns above 52,800, a new high can be possible. Let me tell you, till now it has been made above the 21- and 55-day EMA, which gives positive signal in the short term.
Experts believe that the strategy of “Sell on Rise” will be better until the market re -tests the support of 22,100 or there is no strong reversal. Pay attention to stock-special occasions, because now the earning season is also starting. Banking and financial stocks are still strong. Whereas investors with long positions consider hedging.
Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
Also read: Donald Trump’s tariff policy shaken stock market, expert said ‘Black Mande’ can be like ‘Black Mande’!