Page 4 - Dear Trader News Today

Nikhil Bhatt | Research Analyst - SEBI - Buy on declines would be the prudent strategy as possibility of profit booking at higher levels cannot be ruled out which would offer incremental buying opportunity to ride next leg of up move…., , sensex, Stock Market Daily Updates

Nikhil Bhatt | Research Analyst - SEBI - In the coming session, volatility is likely to be high on account of the derivative expiry on next week. However, we expect the index to maintain higher high - low hence trader needs to be cautious at current level., , sensex, Stock Market Daily Updates

Nikhil Bhatt | Research Analyst - SEBI - Nifty Future has resistance at 0000 – 0000 Point; above which other resistance levels are at 0000 – 0000 Point with highly Volatile Trend,, , nifty, equity investments, share markets, stock market, COVID-19

Nikhil Bhatt | Research Analyst - SEBI - We may see further consolidation in the index ahead and it would be healthy for markets, traders should maintain extra caution in the selection of stocks now and focus more on risk management., , Stock Market Daily Updates, sensex

Nikhil Bhatt | Research Analyst - SEBI - The trend deciding level for the day is 14676. If NIFTY future trades above this level then we may witness a further rally up to 14707-14717 levels. However, if NIFTY trades below 14606 levels then we may see some profit booking initiating in the market, which may correct up to 14575 to 14533 levels., , Stock Market Daily Updates, sensex

Nikhil Bhatt | Research Analyst - SEBI - We still maintain our stance that the trend is volatile and pullback rally is in offing and selling may emerge. Hence trader needs to be cautious at current level., , sensex, Stock Market Daily Updates

Nikhil Bhatt | Research Analyst - SEBI - As the market has been in the overbought zone for a long time, it will not take long for the scenario to become difficult to sell again in a sudden correction. So that caution will be necessary. Investors can book profit in a small portion of their portfolio. , , sensex, Stock Market Daily Updates

Nikhil Bhatt | Research Analyst - SEBI - The underlying short term uptrend remains intact and we are likely to see buying emerging in the coming sessions. Important lower supports to be watched at 14004 and the next upside resistance is at 14272 – 14303 levels., , Stock Market Daily Updates, sensex