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After a positive movement of indian stock market for last 2 day trading days NIFTY and SENSEX is heading towards its life time high which already made by the both individual. But one thing will play a crucial role in the movement is the Budget 2020.
Also read Icici bank share price prediction
It is predicted that Budget will have something which will boost the indian economy. So there may be a chance of new life time high for both NIFTY and SENSEX. Although there is still a fear in the market which will make Bulls and Bears to go down before the Budget.
Investor are worried about the economy which will make them hold there money or will book there profit which can make market a negative movement.
NIFTY & SENSEX MOVEMENT - 27th JAN 2019
NIFTY
On 24th Jan, Nifty opened at 12,174.55 and closed at the positive side at 0.56% at 12,248, which shows that market may continue to move upside movement.
Upside and downside movement is the main role for the Index to perform as per the cash flow in market and performance of NIFTY 50 stocks.
Getting to the negative side Nifty will have a strong support at the level of 12,175 and second support will be at 12,110.
Upward movement will make Nifty to resist at the level of 12,338 and second resistance is 12,375.
SENSEX
On 24th Jan, Sensex opened at 41,377 and closed at the positive side at 41,613, which clearly indicate that the market may move upside on 27th Jan.
Getting to the negative side Sensex will have a strong support at the level of 41,355 and second support will be at 41,210.
Upward movement will make Sensex to resist at the level of 41,869 and second resistance is 41,990.
News in the Market
ICICI recored the profit of 158% in the thired quater.
Icici making positive movement is itself enough to make a massive rally in the index.
Thanks for reading. Above prediction is only for study purposes.
Subscribe us to get daily intraday and delivey prediction in real time.
For more subscribe my telegram channel- https://t.me/stockcapture
After a positive movement of indian stock market for last 2 day trading days NIFTY and SENSEX is heading towards its life time high which already made by the both individual. But one thing will play a crucial role in the movement is the Budget 2020.
Also read Icici bank share price prediction
It is predicted that Budget will have something which will boost the indian economy. So there may be a chance of new life time high for both NIFTY and SENSEX. Although there is still a fear in the market which will make Bulls and Bears to go down before the Budget.
Investor are worried about the economy which will make them hold there money or will book there profit which can make market a negative movement.
NIFTY
On 24th Jan, Nifty opened at 12,174.55 and closed at the positive side at 0.56% at 12,248, which shows that market may continue to move upside movement.
Upside and downside movement is the main role for the Index to perform as per the cash flow in market and performance of NIFTY 50 stocks.
Getting to the negative side Nifty will have a strong support at the level of 12,175 and second support will be at 12,110.
Upward movement will make Nifty to resist at the level of 12,338 and second resistance is 12,375.
SENSEX
On 24th Jan, Sensex opened at 41,377 and closed at the positive side at 41,613, which clearly indicate that the market may move upside on 27th Jan.
Getting to the negative side Sensex will have a strong support at the level of 41,355 and second support will be at 41,210.
Upward movement will make Sensex to resist at the level of 41,869 and second resistance is 41,990.
News in the Market
ICICI recored the profit of 158% in the thired quater.
Icici making positive movement is itself enough to make a massive rally in the index.
Thanks for reading. Above prediction is only for study purposes.
Subscribe us to get daily intraday and delivey prediction in real time.
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