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On August 14, the Sensex gained 58 points to close at 80,598. The Nifty rose by 12 points, closed at 24,631.
The date of August 21 and 22 is important for the stock market. According to Harshubh Shah, director of wealth analytics, a large trend shift or momentum may be seen in the market in these two days.
Apart from this, in the week starting from August 18, the move of the US market, 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: 24,538 / 24,480 / 24,443 / 24,380 / 24,331 / 24,142
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: 24,670 / 24,808 / 24,850 / 24,978 / 25,083 / 25,322
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.
Review of last week report
Welthview Analytics in its previous report described August 12 as an important date. On this day, the Nifty created the highest level of the week, after which there was a sharp decline in the market.
Now 5 factors who can decide the direction of the market…
1. Trump-Putin Conversation: The conversation between US President Donald Trump and Russian President Vladimir Putin on the Ukraine issue on Friday is expected to have a positive impact on the market.
After the 3 -hour meeting, Trump said that the meeting was positive, but no final agreement was made yet. At the same time, Putin said that to end the Ukraine war, it is necessary to end its real reason. Putin has invited Trump to Moscow for the next meeting.
The two leaders posed on the podium written on ‘Alaska 2025’. He stands behind B-2 bomber and the official plane of the US President.
2. GST Reforms: Prime Minister Narendra Modi said on Independence Day that under GST 2.0, tax rates on everyday things will be reduced till Diwali. People can get the benefit of tax deduction till Diwali. This announcement may increase the enthusiasm of investors.
3. American Market: Wall Street’s move also affects other markets. It also shows some effect on Indian markets.
- Dow Jones Index rose 34.86 points or 0.08% to close at 44,946 on Friday
- The S&P 500 index closed at 6,449 with a decline of 18.74 points or 0.29%.
- Nasdaq Composite closed at 21,623 levels below 87.69 points or 0.40%.
4. Foreign Investors: The market move will depend on what foreign institutional investors do. Last week, FIIS sold shares worth Rs 10,173 crore.
In 2025, FII has so far sold shares worth Rs 1,16,617 crore. On Friday, FIIS sold Rs 1,926.8 crore.
5. Technical Factors: Santosh Meena, research head of Swastika Investmart, said that the market move is dull due to frequent selling of foreign investors.
The Nifty’s Imidiate Resistance is at 24,700-24,800 around 20 and 50-day moving averages. A short-covering rally can begin by decisively breaking this level. It can take the Nifty to 24,950, 25,080 and 25,225.
At the same time, Nifty’s imidiet support is 100-day moving average at 24,575, while 24,350 is important support level.
The market flat was closed on the last trading day of the week
The stock market rose on Thursday, August 14. The Sensex closed at 80,598 with a gain of 58 points. The Nifty rose by 12 points, closed at 24,631.
Of the 30 shares of the Sensex, 13 are rose and 17 declines. Shares of Jomato, Infosys and Asian Paints rose. Tata Steel, Tech Mahindra, Adani Ports and BEL declined.
Of the 50 shares of Nifty, 21 rose and 29 declined. NSE metal, realty and oil and gas index fell. At the same time, IT, pharma, banking and consumer durables climbed and closed.
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