Transcription
Sir, the nuances are one thing, but the American markets are looking quite eager regarding the Iran Peace Deal. The Dow saw a life high. How much benefit will we get from this, sir, given the strength that was seen? Good morning, Neha. See, the Dow just needs an excuse for a rally. The American markets are already in strength and in a good bull run, and look, such a big IPO came out easily and received a good response. It had a good listing. So they are already feeling internally strong. First thing. The second thing is that, naturally, the deal is on the verge of happening, and one thing is clear: the deal will happen when it is signed on the 19th, but before that, the American markets were already assuming the deal was done, and because of this, they had already started strengthening. So, my understanding is that considering all this, America's rally makes sense. Now the question remains for us, how much benefit will we get. From a sentiment perspective, it is beneficial. There is no doubt that it feels good if you see global markets strong. But directly, if America is making a life high, will we also run that much? That doesn't seem to be the case. Look at yesterday's session, how much did we rally? We could barely move 200 points, not even 1% on the Nifty. Even though the war has ended. We had already risen more than this on Friday. Right? So, we can also say that we discounted a little on Friday. A little bit yesterday. The figures that came yesterday were of FII buying after 13 days. But they are very small. So, I will consider the signals to be mixed, where global signals are good, local signals are neutral, and crude oil is also around $83, where it was yesterday, it remains there. So, let's see what happens. In my opinion, the market will now wait for the 19th. Wait and watch what happens on the 19th. Yes, absolutely, sir. So, in that regard, what will be the important levels for Nifty and Bank Nifty? See, in terms of important levels, if you look, the support level you will see on the Nifty will be in the range of 23,650 to 23,800. The range of around 775 will act as strong support for you. On the upside, the range of 23,990 to 24,125 will be a hurdle for you. As far as Bank Nifty is concerned, the range of 56,600 to 56,875 is for you as support. And on the upside, the range of 57,475 to 57,775 will act as a slight hurdle. So, you need to focus on this range. Yes. Thank you so much, sir, for joining us and telling us the important levels for Nifty and Bank Nifty.