Transcription
And with us is the Managing Editor of Business, Anil Singh. Anil Sir, good morning. Apart from the rise in crude oil, what other triggers will work to bring down the market today? Should we expect any relief or not? Good morning, Swati. See, one trigger itself is enough to bring down the market. Perhaps no other is needed. But yes, the reason for the Gift Nifty showing a fall of about 200 points, almost 200 points, is the psychological level of 100 for crude oil. Below 100, the fear is a little less; above 100, the fear increases a bit. In the range of 98-99, we had already seen crude oil yesterday, and today it is seen spending time around 100. However, apart from this, there are some other negatives as well. The results of Infosys and Indigo, which came after the market closed yesterday. Both companies in Nifty do not have much strength. They might remain slightly down. Especially Indigo, Infosys might remain flat. Apart from this, there was minor selling from FIIs in yesterday's session. Domestic funds have done a little buying. So, and it was seen closing near some big levels. Bank Nifty, and Bank Nifty has also broken some big levels in yesterday's session. So, overall, today is also the last session of the week. And nowadays, there is a slight fear again about the weekend session, what might happen or not happen over the weekend. So, these are all the negatives. But along with these, one thing should also be understood. We have been negative for all four days this week. If there is a big gap-down opening, Nifty might reach near a good support level. And from there, a slight recovery might also be seen during the day. Just like yesterday. And in that recovery, you should lighten your positions. So yes, undoubtedly, there are more negatives, but if the gap is very wide, if it opens 200-250 points down, then the room for going further down will decrease a bit. Yes, Sir, what will be the important levels for Nifty and Bank Nifty? See, 23600-23650 is the support range for Nifty, and I think it will try to hold. Once you get it in this range, there is no harm in buying if you wish. So, that is the first thing. The second thing is, on the upside, from 23865, which was yesterday's closing, to 23990, which was yesterday's high, it will act as resistance. As far as Bank Nifty is concerned, from 56750 to 56375, which was yesterday's low, it is a slight support for you. On the upside, the range is from 56950 to 57150, where you will see some profit booking and selling. Thank you very much, Sir, for speaking. We will meet again in a little while.