The announcement of Long Term Capital Gain Tax (LTCG) in the Budget has seen the biggest decline of two and a half years in the stock market. Experts say that the impact of LTCG tax in the market can be seen even further.
There are some other factors with the weakness in the global market, which is likely to cause the correction in the market this week. In such a situation, there is also confusion about the market in the minds of investors.
We are telling the experts about how the Rudra Investment Stock Market Expert moves this week and what strategies do the investors should adopt.
Nifty may slip up to 10,500
Simi Bhowmick, the technical analyst of Simi Bhowmick.com, says that the effect of LTCG may also be visible in the market this week.
There is a fear of a fall in the market. The nifty current level may break more than 200 points. However, Nifty seems to get support at the level of 10500 from the bottom.
While the director of Fortune Fiscal, Jagdish Thakkar, says that factories such as the weakness in American markets, LTCG and the MSP announcement to 1.5 times the possibility of rising inflation, such factories will dominate the market this week.
Nifty may go up to 10,500 levels this week as the market declines. If this level breaks, then the Nifty can also go at the level of 10,200.
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