Rudra Investment | The 10276 Level Will be Crucial For The Nifty

Since last week there has been high-level volatility in the market. At the same time, there was light recovery on Monday. Rudra Investment Financial Market Experts believe that according to existing sentiments, the stock market will remain liquid for 25 to 30 days. During this fluctuation, the market will set its bottom, after which the recovery will be seen again. Experts say that during this time the 10276 level will be crucial for the Nifty, which was made Intraday Low Laval on 6th February. If this level is broken then the Nifty may come up to 9800. At the same time, there will be registers from the level of 10600 to 10700.

VIX still above 17 levels

On Monday, the Nifty has seen a recovery of 7 percent in the volatility index, but it still remains above 17 levels. Last week the index reached the level of 23.15, which was a top of 15 months. Experts say that such a large drop in the volatility index is due to weak global signals. This level of the index is an indication that there is more fluctuation in the market.

FII sells 7025 crores

Global cell off continues in the major markets across the world, whose impact is also on the domestic market. Talking about the last 8 trading sessions, foreign investors have sold 7025 crore rupees through the market. While in January, he had invested Rs 9568 crore in the market. The Bond Yield is expected to continue this sale further. In this case, this big negative sentiment remains for the market.

According to Devinder Negi, Founder and Principal Partner of Delta Global Partners, the global market is still fluctuating with selling pressure. FIIs are also withdrawing money from the Indian market. In such a case, if DII support is not found, then there will be a big negative factor for the market.

Global Selloff released

There is the pressure of selling in many markets across the world. On February 13, the US market went to Nasdaq red mark as soon as the market opened. At the same time, there is also a decline in the markets of Europe. 

Nikkei also weakened 125 points. Its effect can also be seen on the domestic market on Wednesday. In fact, Bond Yield is at the top level of 4 years in the US. Bond yields have also increased in Europe. In such a situation, foreign investors are taking out money from India Equity Market and in bonds. At the same time, LTCG is also a consensus in India.

- Return on bond yield bonds. Bond yields have meant more earning than Bond. Basically, the interest rates increase and the shares seem expensive and bonds seem untraceable. At the same time, increasing the interest rates increases the cost of companies. In such a situation, pressure may be on their margins and profits.

Bottom 10276 level is important

According to Deepak Jasani, Head of Retail Research, HDFC Securities, there is a trend-down side for the short term in the market. However, the Nifty has a significant level of 10276 levels from below. If this level is broken then there will be another fall in the market. On the other hand, if the rally is seen then it is getting registration from the top 10703 level. At present, the market is not showing up for a few days.

-Rudra Investment Financial Market Expert says market conditions are showing negative in the next few trading sessions. During this, if the Nifty breaks down from the level of 10276, then it can break down to 9800 levels. At the same time, in the next few trading session, Nifty appears to get resistance from the level of 10750 level.