NIFTY INTRADAY TRADING LEVELS FOR TOMMORRROW
DATE- `08.05.2025
TIME-FRAME- 15min
BUY OR BUY CALL ABOVE- 24405 target will be 24489, 24579 & 24677
SELL OR BUY PUT BELOW - 24301 target will be 24219, 24143 & 24055
The markets stabilised after initial nervousness and apprehension about the Operation Sindoor and its impact on the market. According to a report by Kotak Mutual Fund, these conflicts have rarely derailed the long-term India story and has led to only short-term swings. Investors need to stay invested for long-term wealth creation. They specifically advise investors to refrain from panic selling and stopping SIPs.
The Kotak report stated that, “Government action suggests there is low possibility of a war. However, in case of a full-blown war, we must note that since 1950, India has seen 4 major wars. In the last major conflict (Kargil-1999), the equity markets have remained robust after an initial panic.”
They highlighted that the macro-economic factors, core earnings performance and GDP are bigger triggers for the market, “It is difficult to predict the market direction however the last major conflict have triggered temporary drawdowns before markets rebounded. Staying invested and avoiding knee-jerk decisions may be prudent for long-term wealth creation,” the Kotak Mutual Fund report added.
