Stock Market Strategy for Friday: The market has come to a boil, keep these 4 things in mind on Friday to save yourself
Rahul Tiwari October 04, 2024 11:21 AM

Stocks to Watch on Friday : There is an atmosphere of 'red color Holi' in the stock market at present. The impact of the Iran-Israel war was so severe on the market that the BSE Sensex closed down by more than 1700 points on Thursday. Investors lost more than Rs 10 lakh crore in a single day. In such a situation, when you enter the market today on Friday, keep these 4 things in mind to protect yourself from loss. Keep an eye on these shares.

There is an atmosphere of chaos across the world after the increase in tension between Iran and Israel on October 1. Meanwhile, rising crude oil prices, gold prices reaching new highs and the impact of China's bailout package for the economy are affecting Indian shares. The market is looking darker because funds are shifting from the market.

Take special care of these 4 things

You should not suffer much loss in this turbulent environment of the stock market. Therefore, to understand the movement of the market on Friday, these 5 things can be given special attention.

  • Bear movement (downward trend) was seen in the National Stock Exchange index Nifty 50 during trading yesterday. Therefore, you will have to keep an eye on its ups and downs. On Thursday it fell by 546 points and closed at 25,250 points. According to a news from Moneycontrol, on Friday you can see it going up to 25,120 points at the lower level.
  • You will also have to pay attention to Bank Nifty, the index of banking stocks. Like Nifty 50, bear movement is also being seen in it. A declining trend is visible for 4 consecutive sessions and the trade volume is also higher than normal. The market has seen a decline greater than the 20-day average.
  • Market instability has increased. This can be estimated by looking at the data of 'India Volatility Index' (India VIX). After the market performance of October 3, it is giving more warning, although it remains below 14 points, but it has seen an increase of 9.86 percent and has reached 13.17 points. This is more than the level of 11.99 points.
  • The flow of funds in the market will also have to be monitored. According to the official website of NSDL, FPI (Foreign Portfolio Investor) had made a net investment of Rs 9,607 crore in equity. This reduced to Rs 5,423 crore in the trading of October 3. In this way, a big decline in the fund flow of FPI has been seen in the market.

Disclaimer: Investing in the stock market is risky. Therefore, tv9hindi.com advises that you should consult an expert before investing in the market.

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