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Investors Closely Monitor January Inflation Figures

The beginning of February has brought about a cautious start for the domestic benchmark indices, Nifty and Sensex, as investors eagerly await the release of January inflation data. Market experts anticipate a time-wise correction in the coming sessions until the Nifty surpasses the 22,000 mark.

In relation to the ongoing market trends, Sameet Chavan, the Head of Research, Technical and Derivative at Angel One, states that breaching the challenging zone of 21,900-22,000 for the Nifty will be a significant accomplishment for the bulls. He emphasizes the importance of a decisive breakthrough beyond these levels to trigger the next phase of the market rally.

On February 12, the Sensex showed a flat-to-positive performance at 71,647, while the Nifty managed to achieve modest gains, opening at 21,827. Vaishali Parekh, the Vice President of Technical Research at Prabhudas Lilladher, believes that for an improvement in overall market bias, the Nifty will need to breach the 21,800 zone with conviction. She identifies support at 21,700, while resistance is anticipated at 21,950.

As the trading session commenced, profit-booking was observed across the broader markets, resulting in a decline of up to 1 percent in the Nifty Midcap 100 and Nifty Smallcap 100 indices within the first hour. V K Vijayakumar, the Chief Investment Strategist at Geojit Financial Services, expresses concerns regarding frothy valuations in these market segments, emphasizing the importance of a safety net in large-cap stocks from a long-term perspective.

In conclusion, investors remain on high alert as they eagerly anticipate the release of January inflation data, hoping for positive outcomes that could potentially lead to a rally in the market. As always, it is prudent for individuals to seek advice from certified experts before making any investment decisions.

FAQ Section:

Q: What are investors eagerly awaiting in February?
A: Investors are eagerly awaiting the release of January inflation data.

Q: What is the importance of breaching the 21,900-22,000 zone for the Nifty?
A: Breaching this zone would be a significant accomplishment for the bulls and could trigger the next phase of the market rally.

Q: What was the performance of the Sensex and Nifty on February 12?
A: The Sensex showed a flat-to-positive performance at 71,647, while the Nifty achieved modest gains, opening at 21,827.

Q: What is the zone that the Nifty needs to breach for an improvement in overall market bias?
A: The Nifty needs to breach the 21,800 zone with conviction for an improvement in overall market bias.

Q: What are the support and resistance levels identified by Vaishali Parekh?
A: Support is identified at 21,700, while resistance is anticipated at 21,950.

Q: What decline was observed in the Nifty Midcap 100 and Nifty Smallcap 100 indices in the first hour of trading?
A: Profit-booking resulted in a decline of up to 1 percent in the Nifty Midcap 100 and Nifty Smallcap 100 indices within the first hour of trading.

Q: What are the concerns expressed by V K Vijayakumar?
A: V K Vijayakumar expresses concerns regarding frothy valuations in the broader market segments and emphasizes the importance of a safety net in large-cap stocks from a long-term perspective.

Key Terms:
– Nifty: The Nifty is a stock market index in India that represents the weighted average of 50 Indian company stocks in 13 sectors of the Indian economy.
– Sensex: The Sensex is a stock market index in India that represents the weighted average of 30 Indian company stocks listed on the Bombay Stock Exchange.

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Bombay Stock Exchange