On Wednesday, the market was open with rising but the bullion remained unchanged. Experts say that the volatility index is just over 1 year high. Global Sentiments Are Not Better At the same time, there is an estimate of the low growth rate and inflation in monetary policy. These factories are creating negative statements for the short term for the market. However, this decline was necessary for the market from a long-term perspective. In such a situation, investors should invest in long-term equity in those stocks which will go ahead with the growth story.
How will the market move
Rudra Investment Pvt Ltd Market Experts, says that the market also showed selling pressure on Wednesday. There is a negative impact on the market with the possibility of rising inflation in the RBI policy meeting. At the same time, the estimation of the growth rate has been reduced. On the other hand, global sentiments are not improving, the pressure of selling in the US market remains under pressure. In this case, there may be more fall in the market. However, the Nifty is getting support from Panic Low 10276 level below. If this level breaks, the Nifty may fall below the level of 10 thousand. At the same time, in the next few trading session, Nifty appears to get resistance from the level of 10750 level.
VIX still at level level
The trading volatility index has certainly come down on Nifty compared to Tuesday on trading on Wednesday, but it is still at the level of 19.405. This is a high level of about 12 months. Experts say that while the volatility index will remain high, the market will remain volatile.
No fundamental change
Experts say that basic fundamentals at the domestic level have not made any particular difference before the budget. The macroeconomic environment is the same as before. Reforms are taking place, a lot has been done in the budget for rural and infra sectors. With the help of Rural Economy, the country will get the speed of growth. Positive results of GST are also coming. In such a situation, the market will get accelerated once again.
Positive fall for long periods
At the same time, experts are also considering this decline as positive from the long-term perspective. They say that the market was expensive in the ratio of earnings and growth story. There was no support for the higher level of the market, so there was a possibility of a fall. Further moves of the market, Jagdish Thakkar, director of Fortune Fiscal, says that the fall is a good investment opportunity from a long perspective. But right now, it will be advisable to put money in those shares which will hold the country's growth story in the long run.
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