How much will Nifty’s movement change today? Decision of RBI MPC meeting coming, expert gives opinion for investors

Nifty Prediction For 5 December: The stock market showed recovery on Thursday i.e. December 4 after four days of decline. Nifty closed at the level of 26034 with a gain of 48 points. In the end, Nifty Bank also closed with a decline of 60 points with slight weakness. If seen from the day’s lows, there is a recovery of 44 paise in the rupee.
This was also a supporting factor. Also, there were some sectors which were seen supporting the market.

Talking about the sectors which were giving maximum support, they were IT, Defence, Reality, FMCG and Auto. At the same time, consumer durable companies exerted pressure on the market. Like power companies, some energy companies.

Small cap index weak

There was not much strength visible in the broader market. Even now the small cap index is weak. He is far away from his record high. The decision of the monetary policy meeting of the Reserve Bank of India (RBI) is going to come today i.e. on 5th December. In such a situation, if investors enter the market, experts gave their opinion about which levels to keep an eye on and what strategy to make.Expert’s opinion

Experts believe that the market does not need to face any challenge at the current level. There is still some confusion due to tariff related uncertainties. Till the announcement is made, experts believe that in a supportive environment, where a cut of 25 basis points is being estimated, the market is also discounting.

Also read: Stock market recovers after four days of decline, Sensex closed in the green; Nifty crosses 26,000

Market may get next direction from announcement of trade deal

The expert said that the way we have seen that recently there has been a very good rise in banking and other rate sensitives, so the phase of consolidation that is going on somewhere in the market will continue despite this event. Apart from this, the announcement of trade deal can give the next direction to the market. For now the market trend is positive. There may be a period of consolidation, which may extend a little further. Among the sectors which will remain on the side lines, there is a need to focus on IT, private banking, pharma.