00:00 [Intro Music]
00:05 Today, after the indication of international markets, the Indian markets are seen to be struggling here.
00:13 And we saw a big fall in Sensex, Nifty, and Bank Nifty.
00:17 Nifty is 1% down, Sensex is 1% down, and Bank Nifty is 1.25% down.
00:24 At one time, Sensex had shown a correction of more than 1000 points.
00:28 Nifty had shown a correction of more than 300 points.
00:31 But, it was a little cautious in the closing.
00:34 If we go to the reason behind this, the way Fitch has downgraded the sovereign bond rating,
00:42 its impact, and along with that, the manufacturing data there has come down a lot.
00:48 Due to the US's downfall, this fall trend has started.
00:51 Now, it is spreading because geopolitical tensions, especially in Russia, have increased again.
00:57 On the other hand, due to the currency fluctuations, the equity market is seen to be declining.
01:03 According to the closing, Nifty is at 207 points, Sensex is at 676 points, and Bank Nifty is at around 600 points.
01:14 Even now, the sentiment is very poor.
01:17 If we look at Nifty's 50 stocks, we can see it falling from a high.
01:22 Out of Sensex's 30 stocks, 29 stocks have fallen.
01:27 In fact, if we go to the sector specific, we can't see a single sector supporting the bull side.
01:35 Auto, cement, FMCG, construction, energy, fertilizer, banks, IT, media, metal, pharma, service industry, telecom,
01:44 all these sectors have seen a sharp selling.
01:47 In fact, according to Nifty's weightage, out of 100, 100 have seen a decline.
01:55 Even among the top losers and gainers, there was a lot of pull.
02:00 But today, we can see losers winning and many stocks have seen a drop of more than 4%.
02:09 Hero Motocorp, Tata Steel, Tata Motors, Bajaj Finance, which has seen a drop of 3% to 3.5%.
02:17 The only ones that have increased are Asian Paint, Dehundhavani Liver, SDFC Tech, Mahindra, UltraTec Cement,
02:25 which has seen a positive trend for the name alone.
02:28 Otherwise, the entire market has seen a complete sell trend.
02:32 And in the current situation, if we visit FNO's data today, we can see big changes.
02:40 There was a time when the support of Rs.19,500 was working, WISE was trusting Put.
02:48 But as soon as the level of Rs.19,500 fell, there was a big drop in the market.
02:53 And today, the market has seen a drop of up to Rs.19,423.
02:58 If we look at the resistance, we can see a resistance from the WISE buildup call side.
03:07 And if we look at the support, we can see support of Rs.19,400.
03:12 Overall, there is still a lot of pressure.
03:16 Despite the signs of international markets, there will be a trend of a drop in the Indian market.
03:21 Most of the stocks will see profit booking, whether it is a banking counter or an auto counter.
03:27 In these big stocks, the drop can be up to 2-3%.
03:31 And especially those who are making a strategy based on trading should be careful while buying.
03:37 If we activate the strategy on the sell side, you can see a big drop in the big counters.
03:44 If we look at the future data, we can see a big drop in the losers.
03:51 Like Bandhan Bank, there can be a drop of up to Rs.225.
03:56 But it can show a drop of up to Rs.210.
04:00 Hind Copper, there can be a drop of up to 5-7%.
04:04 There can be a drop of up to Rs.140.
04:07 Petrol Net Energy, there was a drop of up to 4%.
04:11 There can be a drop of up to 2-3%.
04:14 You can see a drop of up to Rs.215.
04:17 The market was a little positive because of the results.
04:22 It is also changing.
04:24 If we focus on the results of tomorrow, we have Bharti Airtel, Adani Enterprises, Sun Pharma, Adani Power, Varun Beverages, Dabur, Aishwarya Motor, Cummins India, Lupin, MRF.
04:37 These are the counters whose results will be seen tomorrow.
04:40 Because of these results, the sentiment will be positive or not.
04:47 But right now, the international market is in a strong position.
04:51 Looking at the current situation, there are chances of another drop in Nifty.
04:55 If we understand the chart, the first high in Nifty was around Rs.20,000.
05:02 The second high was around Rs.19,900.
05:07 If we look at the low after that, the lows are continuously increasing.
05:11 According to the range, if you look at the moving averages or RSI, MSED,
05:17 it is indicating that the market will soon be able to see a trend of Rs.19,200.
05:24 [Outro Music]
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