Will the stock market continue to rise or fall? Know how the market will move from Monday

Last week was very good for the Indian stock market. Both Sensex and Nifty have given a return of 0.81 percent and 1.15 percent to the investors. This was the second consecutive week when the markets closed positive. Last week, foreign institutional investors (FIIs) sold cash worth Rs 1,608.89 crore. At the same time, domestic institutional investors (DIIs) bought Rs 13,020.29 crore. In such a situation, the question in the minds of investors is how will the week starting from Monday be for the market? If you also invest in the market, then let us tell you that the outlook of the market in the coming days will depend on many global and domestic factors.

These factors will affect the market 

Globally, US Fed Chairman Jerome Powell has indicated a reduction in interest rates. However, no disclosure has been made on its timeline. Its effect can be seen in India as well as global markets in the coming week. Apart from this, important economic data will be released by the US and Japan, which will be eyed by investors. At the domestic level, investors will be eyeing the business done by foreign institutional investors (FIIs) and domestic institutional investors (DIIs). Apart from this, the impact of crude oil movement can also be seen in the Indian markets. Master Capital Services Director Palak Arora Chopra says that Nifty has performed very well last week and closed close to its all-time high on the weekly chart.

Nifty may cross 25,000

The chart structure is quite strong, which shows that if it goes above 24,900, it can go above 25,100 and 25,400. At the same time, 24,350 will be an important support. Pravesh Gaur, Senior Technical Analyst at Swastika Investment Limited, says that Bank Nifty has formed a strong base near the 100-day moving average and is trading above the 20-day moving average. 51,100 to 51,500 is an important supply zone. If it goes above 51,500, it will be a breakout and if it goes below 50,500, the trend will change. At the same time, other market experts say that after the Fed indicates a reduction in interest rates, the commentary coming from other central banks will decide the direction of the market.