MMB SBI8 days ago
NEUTRAL(10%)
hold
[MMB SBI] market look manipulated downside not even single reason atpresent for downside in market yesterday US, Europe all market...
Read original source+6.8
Market Impact Score
-100 Bearish+100 Bullish
AI Analysis
The post reflects a retail sentiment of market manipulation and an expectation of a rebound, contrasting with recent auto sector weakness due to LNG supply risks.
Trading Insight
For Nifty, observe the 23500 level for potential short-covering, but maintain a cautious stance due to the speculative nature of the source.
Quick check: NIFTY neutral, MARUTI neutral (oversold).
Key Evidence
- •Author believes the market is 'manipulated downside' with 'not even single reason atpresent for downside'.
- •Notes that US, Europe, and Asian markets were positive, while Nifty is a 'worst performer'.
- •Suggests 'no negative news' and positive developments like oil/LPG ships reaching India.
- •Identifies 23500 as a key resistance, expecting 'very good short covering possiblility' if crossed.
- •Sets a Nifty target of 23650 to 23750 for the day.
Affected Stocks
NIFTYNifty 50
Positive
The post suggests Nifty is oversold and due for a short-covering rally, with specific resistance levels mentioned.
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