Share Market Report | Market will be in range bound? How?

Share Market Report | Market will be in range bound? How?

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 After the fall in the past two months, the month arrived at the high of one-and-a-half month this month, the clouds are beginning to sink after the Syrian crisis. Concerned over the anxiety of the US and China, investors are now worried about the Syrian issue. The United States, Britain and France have torn more than 100 missiles on Syria, which Germany has strongly supported and Russia has strongly opposed. Experts say that the Syrian crisis can be seen on the domestic market. But this pressure will be for the short term. In the fourth quarter, the results of the companies are expected to be good, so that the market will get support. Experts in this are seeing every fall in the market as an opportunity.

Share Market Tips

Market will be in range bound

Market expert Sachin Sarvade says that good recovery has come in the market. Correction can be found from this level. In such a situation, the market can trade in the range bound. The Nifty has a support level of 10300-10100 in the bottom, while the top 10,500-10600 are the resistance.
Better economic data will help the market. In March, the retail inflation (CPI) came down to the lowest level of 5 months at 4.28 percent. In February, there was improvement in the growth of industrial production (IIP), which reached level of 7.1 per cent. This has resulted in positive sentiment.

Syrian crisis will remain on the market, limited impact

Independent Market Expert Ambarish Baliga says the Syrian crisis may affect the market for some time. Because the United States, Britain and France have jointly expressed their opposition to the attack on Syria, have not taken any concrete steps. This proves that Trump has won a way in Syria. The first issue related to Syria has not had any special effect on the market. In this case, the impact on the market will not be anything special. 

According to Umesh Mehta, Head of Research, Samco Securities, the Syrian crisis has not taken the form of war. This is one-sided action. This can lead to the beginning of the market with declines. However, the market is expected to recover later.

Market will get support from fourth quarter results

Baliga says that the fourth quarter results will help the domestic stock market. He said that the market has recovered after the ban on bondage and GST. In the third quarter the results of the companies were better. Therefore, the results of the companies are also expected to be good in the fourth quarter and it will work as a booster for the market. A rally in the market will result in better results from the companies.

More than 30 companies will come to the conclusion

This week the results of 35 companies will be released. These include heavyweight TCS, HDFC Bank, IndusInd Bank and ACC. ACC's fourth quarter results will be released on 18th April. On April 19, TCS and IndusInd Bank and HDFC Bank results will be released on April 21. Mehta says that the results of the companies are likely to be good. Because the ban on bondage and GST has ended. In the third quarter the results of the companies were better. However, the fourth quarter results of the country's second largest IT company Infosys came after the market closed on Friday. Infosys's results were predictable, but the impact of guessing weakness will be seen in the business. According to experts, the good results of the companies will work to boost the market.

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