If the last month leaves the ups and downs, then the financial year 2020-21 has been the best year of this decade. The new fiscal year has also started with an increase. Despite the second wave of Corona, the Nifty has seen a gain of over 1 per cent in the first week of April.
Figures of the last decade show that bulls have dominated the market in the month of April in 7 out of 10 years. April 2020 has also been the best in this. In April 2020, the Nifty saw a growth of 19 per cent. At the same time, there was a growth of 6% in April 2018 and 4% in 2013.
Experts are of the opinion that this April is expected to continue fast. However, there have been concerns about the growth of growing cases of Covid in other states including Maharashtra.
Market giants are of the opinion that in the near term in the market we may see fluctuations. Short-term investors and traders can be cautious about the equity market. But from a long-term perspective, the market outlook remains strong as India is prepared to deal with Covid much better than before. Good shopping can be seen in the market around the crucial support level.
However, it cannot be denied that due to the increasing cases of Covid and the restrictions imposed due to it, the market setiment may be affected in the near term.
Care rating According to a report by the state, economy growth could suffer a 0.3 percent setback due to the lockdown implemented in Maharashtra. Apart from this, the activities of foreign institutional investors in Indian markets will also be monitored by the market. In the last week of March, FIIs have released Rs 700 crore from the Indian equity market.
Sumit Bagadia of Choice Broking It is said that the Nifty may have to carry the goods of Immidiate Registration at the level of 14900. If the Nifty manages to stay at this level, then it may see a level of 15300 and then in the next few months after that the level of 15500-15800 can be seen.
He further said that as of now, investors should still consider any fall in the market as an opportunity to place bets in good stocks because they can yield good returns in the long term.
How will the new financial year be
The new fiscal year starts from April. The beginning of the new financial year has been good. But investors should keep in mind that the April of FY 2022 cannot be the same as last April.
In FY 2021, the Sensex and the Nifty saw a growth of more than 70 percent. Lower base was important in this, but now market experts say that even for the new financial year, we should not raise such expectations.
We may get a normal return this year, but expecting an unexpected return is benami.
Vikas Jain of Reliance Securities Let’s say that we can get some consolidation from the current level in the market now. By December 2021, we can see a level up to 16300 in the Nifty.
AnandRathi’s Mehul Kothari Says that in the event of a major negative trigger, the level of 13000 will be strong support for the Nifty in the coming few months. On the upside, the Nifty may see a level of 16,500–17,000 this year.
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