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Stock Market: BSE and NSE will remain closed for 4 days from today and will open on April 18, how will the market move? These factors will be important

Sensex and Nifty fell by 1.8 percent and 1.7 percent in this week of 3 trading days. Now the stock markets will open on 18 April.

Stock Market Shut on 14th & 15th April: There will be a long trading break in the domestic stock market. Trading in the stock market, currency market and derivatives market will remain closed for 4 days from today, April 17. Today, Thursday, April 14 is Mahavir Jayanti, while on April 15, the markets will remain closed due to Gud Friday. Then there is Saturday and Sunday. Now investors will be able to trade directly on Monday, April 18. During this time, there will be no business in the whole sale commodity market including metal and bullion. Let us tell you that on Wednesday, April 13, there was a sell-off in the Indian market for the third consecutive day.

Weakness in the market this week

On Wednesday, April 13, for the third consecutive day, there was a sell-off in the Indian market. At the end of trading, the Sensex closed at 58,338.93, down 237 points or 0.41 per cent. On the other hand, Nifty closed at 17,475.65 with a weakness of 55 points or 0.31 per cent. Talking about the whole week, the Sensex and Nifty fell by 1.8 percent and 1.7 percent in the week of 3 trading days.

how will the market move

Yesha Shah, Head of Equity Research, Samco Securities, says that Nifty closed weak this week. It has closed near its immediate support level of 17,450. Bearish trend is being seen in it on the weekly chart. After the October 2021 high, a lower top lower bottom pattern is forming in the index. The same trend is visible in the Brooder index as well. If Nifty breaks down the level of 17,450 in the coming days, then it can weaken to the level of 16,900. On the other hand, if the resistance level crosses 17,850, the market can increase further.

Stock specific action expected next week

As the earnings season progresses, the market will keep an eye on the earnings of the companies. Along with BFSI, IT companies will be in the headlines. No major global or domestic macroeconomic events are expected next week, only stock specific action will be seen in the market. Investors are advised to invest in stocks with strong fundamentals, not just by looking at quarterly results but with a long-term outlook.

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