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The stock market rose on Friday, 12 September. The Sensex climbed 355 points to close at 81,904 levels. At the same time, the Nifty also rose by about 108 points.
The date of September 18 and 19 is important for the stock market in the week starting tomorrow. According to Harshubh Shah, director of wealth analytics, a big momentum can be seen in the market on this day.
Apart from this, US Fed meeting, global market signs, wholesale inflation figures to the purchase and sale of foreign investors and technical factors will decide the market moves.
Let us understand what can happen in the market this week…
Support Zone: 25,080 | 25,035 | 24,980 | 24,850 | 24,806 | 24,670 | 24,540
Support means the level where the share or index falls from falling down. The price does not go down easily due to increasing shopping here. You can get a chance to shop at these levels.
Resistance Zone: 25,145 | 25,322 | 25,434 | 25,566
Resistance, ie, the level where the stock or index is hindered. This happens due to increasing selling. If the Nifty Registration crosses the zone, a new fast may occur.
Trading Tips: What to do Traders?
Look at September 18-19: There is a possibility of large movement in the market on this dates. Traders should pay special attention to these dates, as they may bounce or decline in the market.
- Support-resistance attention: Keep an eye on the levels mentioned by the Nifty. If the Nifty goes under the support level, you can consider short trades. At the same time, crossing the resistance level may have a chance to take a long position.
- Use of Time Cluster: Day traders can catch the market movement using these time clusters. These time may indicate the onset of market boom or decline.
- Caution is necessary: The ups and downs in the market can be faster, so use risk management and stop-loss.
The previous report was highlighted as a high-mental date on 10 September. The same happened and on September 10, a continuous rally started in Nifty with a large gap-up opening, which lasted throughout the week.
Now 5 factors who can decide the direction of the market…
1. Wholesale inflation figures: The wholesale inflation figures of August will be released on 15 September. In July, wholesale inflation came down to -0.58%. This is a 2 -year low. Earlier, retail inflation figures were released in which inflation of August increased from 1.61% to 2.07%.
2. Fed Meeting: The two -day monetary policy meeting of the US Federal Reserve is starting this week and the result will come on 17 September. The interest rate has expectations of a cut of 0.25%.
3. US Markets: American market moves affect other markets. It may also show some effect on Indian markets.
- Dow Jones fell 273 points or 0.59% to close at 45,834 on Friday.
- The S&P 500 index closed down 3 points or 0.048% to close at 6,584.
- Nasdaq composite rose 98 points or 0.44% to 22,141.
4. FII / DII Action: Foreign Institutional Investors (FIIS) on Friday bought shares of Rs 129.6 crore, while Domestic Institutional Investors (DIIS) did a net boyfall for 1,556 crores. In 2025, Fiis has so far sold shares worth 1,41,417 crore, a sale of 10,782 crores in August.
5. Technical Factor: According to Railor’s Broking Senior Vice President – Research Ajit Mishra, “Nifty is now reaching its previous swing high 25,150, causing some consolidate before moving to 25,250-25,500 zones of the index.
Mishra said- disiner brakeouts above 54,900 in the banking index can be a big catalist for new boom. His traders advise to focus on constant strength in metals, autos and pharma, while being selective in other sectors and themes such as Defense and Railways.
The Sensex climbed 355 points to close at 81,904
The stock market rose on Friday, 12 September. The Sensex climbed 355 points to close at 81,904 levels. At the same time, the Nifty also rose by about 108 points. It closed at 25,114 levels.
19 out of 30 shares of Sensex declined and 11 declined. Financial services, metal, pharma, auto and IT stocks saw a faster. Today, 3 Mainboard segment was the last day to apply in IPO Urban Company, Dave Excellent and Shringar House.
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