Please tell me what you’re looking at on the chart. It had an expiration date today. As we can see, there is fear in the market now, but as we have seen it grows, it is behind the emotions. Is this a breather the market is taking before the next leg? What level is after that?
Aamar Deo Singh: The market is very sensitive to newsflows such as tariffs, and was previously a tariff newsflow, which means that the market is more or less mellow and Trump has also been pulled back to some extent.
So the market isn’t that interested. At least I’m talking about the domestic market so I’m not that interested. But yes, the recent terrorist attacks in Kashmir have definitely been a source of concern, and I think the market is on the slightly more cautious side. We don’t see anything important, but we say it’s shifting, but what’s likely to happen is that if you look at the Indian VIX, it’s rising because it gives us the first indicator.
There is no doubt about that, it had been fixed to almost 14 levels. Currently, it is about 18. So, looking at the weeks so far, it’s almost over 6%, so that’s kind of concern.
Overall, what we need to understand is that we are trading 24,300 plus more than about 24,300, which has attracted a significant sum of from the recent low of 22,000. So obviously, it was 10% more or less a meeting, and it was a very short time. So somewhere or other stocks are undoubtedly witnessing profit bookings.
So it could be some integration at the current level. So, looking at the main index, looking at Nifty, Nifty could rise 300-400 points to 24,700, 24,800. If it was taken out, we were able to witness a 300-400-point rally at Nifty. And when I see support, unless I see immediate support somewhere around the 24,000 level and it doesn’t witness a negative news stream, I was saying it’s a buying strategy at Dip now, so unless we witness a negative news stream, you need to be a bit cautious at the current level, as we’ve seen a sharp rise move.
Are there long positions in this market, counters that appear to be worthy, and subsequent purchase calls?
Aamar Deo Singh: Yes, HDFC Life is definitely one of the stocks you can see. Today, it has witnessed a good breakout and has seen it in quite a bit. So, especially looking at stocks over the past few weeks, stocks have witnessed a sharp gathering. Technically, looking at the charts, we see that it is a medium-term trend, a short-term, and long-term trend, and inventory is strong and solid.
So this is one of the stocks that can be purchased at the current level towards the 740 odd levels. And the next inventory to look at is from the pharmaceutical space, which is San Pharma. What we see is that San Pharma has integrated between the 1600 and 1800 levels for quite some time.
We saw stock trading at these levels, but were able to maintain it above the 1800 level. So now it is around 1830. Looking at the charts, when I looked at some of the technical indicators in the medium term, they became positive.
So what that means is that you can also witness this stock gathering. Therefore, purchase at the current level of the 1925 target at the suspension loss in 1779.
