We have witnessed a sharp downfall in Nifty and Banknifty along with sectorial selling pressure amid the Iran-Israel war, although India's growth story has been robust and expected to rise continuously even amid global uncertainties. but may be lower than expected or projected , due to high inflation forcasting may be a part of lower GDP growth. India is a major crude importer , Hence volatility and up surge in Crudeoil prices expected to affect almost every corner of the economy, considering recent crises in LPG,,Crudeoil and restricted supply, will give rise to overall production cost and disruptions in production for manufacturing industries. Moreover, household budgets may rise across the country , which may decrease individual savings .We may see as cascading effect of the current global situation, which may take slight more time to make nullify overall effect upon indian economy. Eventually new investment may slower its pace or ...
#nse#stockmarketlive#stockmarket#banknifty#mazdock RATIONALE: S tock has been in bullish trend since last 2 month with range break out of price level 850-870 decisively, with high Volume buildup and started trading above 850-870. There has been consistent buying interest from the investors since last month, Further stock now trading with new high , with strong bullish candle formation on daily chart, With over all Higher- High , Higher -low pattern ,stock may be in Bullish trend. Relative Strength Index is positive , suggest positive trend may continue for near term continue to go bullish We may see 1550/1600/1750+ prices in months to come. Note live price may slight changed while publishing.