What news has come in the stock market this weekend and what will be its impact this week?
See friends, this week we hit the target and SL also got hit, all this goes on in the market but the news that came over the weekend that Russia has stopped oil export will definitely have an impact because we are getting discounted prices from there. Oil was available at this rate. And the second major news is that India and Canada are worried about this, considering their throw or their investment, their investment is around Rs 15 billion, so if they sell then there can be little problem.
And when the Indian Defense Minister announced the results of the second half, the market went down after that, then there can be a correction and the Defense Minister's words are taken seriously because she is saying that it can also happen. Raid on some company. If you have any problem, then stay away from them as you may see profit booking.
Now let's do it sector wise.
IT Sector:
If there is not much growth in this then profit booking can be done because every IT stock has rallied a lot from the bottom, so according to me keep the view sideways to negative till the results section.
Auto sector:
There is no clear trend in it, a few days ago there was a bullish trend in it and now sideways and negative are being seen.
Pharma sectors:
There is a bullish trend going on and it will remain so.
FMCG sector:
Profit booking is going on in this and can continue, although there was a bounce in the middle, but profit booking is going on.
Metal sector:
Right now, it is in a corrective move. Meanwhile, China's news was going on, still it will remain sideways to negative because there is no demand for it, hence the metals have cooled down.
Nifty:
In this, if it seems difficult to break 19540, then it can take support or resistance and if this level is broken then a big trade can be found, from here a level of up to 19000 can be seen. And if we look at the upper levels, if it goes above 19720 then we will get a good trade.
Bank nifty:
There are two levels to pay attention to: 44580 at the bottom and 44700 at the top, this level is important.
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