Stock Market Today With Anil Singhvi: On India-China tension, Market Guru explains what investors should watch out for

Stock Market Today With Anil Singhvi: Defense Minister Rajnath Singh is likely to give his statement on India-China border dispute in Parliament today at 3:00 PM. The entire market is eagerly waiting for the official statement of the minister as it would let the entire world know about the latest update on India-China tension. Zee Business Managing Editor Anil Singhvi said that there is some decorum that is followed while delivering statement on such a sensitive issue. One needs to know how to decode the exact meaning of Rajnath Singh's statement in the Parliament and how it would impact the markets.

Explaining how to look at the developments on the India-China border, Anil Singhvi said, "One should look at what Rajnath Singh says on whether the recent tension between India and China has eased or it is still tense. The Defense Minister may choose to avoid giving any direct statement on the recent Sino-India border dispute and say that there are certain developments in the recent talks between the two nations and that these took place in a healthy manner. All these statements lead to progress being made and easing of tension and it will have positive impact on the stock markets as any dip in tension between India-China on border is a good sign for the Indian stock market."

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The Market Guru went on to add that next two to three trade sessions would be news driven not data driven and advised traders to maintain 'neutral' stance and avoid taking any overnight position.

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अगले 1-2 दिन खबरें तय करेंगी बाजार की चाल...

चीन के मुद्दे पर रक्षा मंत्री राजनाथ सिंह आज संसद में देंगे बयान

अनिल सिंघवी- रक्षा मंत्री के अहम बयान पर होगी बाजार की नजर, रहें अलर्ट#EditorsTake #IndiaChinaBorderTensions #RajnathSingh @AnilSinghvi_ pic.twitter.com/Afp70x5Qxl

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"A trader holds overnight position to get gap. If one has bullish position then one holds overnight position for getting benefit of the gap-up opening while in the case of bearish position, a trader holds overnight position to get benefit of the gap-down opening next day. However, in the next two to three days, market is expected to remain flat as it's news that would be driving markets not the fundamental of technical data. So, it's better to avoid holding overnight position for the next two to three trade sessions," concluded Singhvi.