Nifty may be nearing the end of its correction, with strong support around 25,200–25,300, said analysts. A move above 25,550–25,660 could revive the uptrend towards 25,800–26,000, while a break below 25,000–25,300 may extend the decline. NAGARAJ SHETTI SENIOR TECHNICAL RESEARCH ANALYST, HDFC SECURITIES Where is Nifty Headed? A bull candle with a long lower shadow … Read more
Indian equities may extend their upward momentum next week, with Nifty heading towards 25,300 and Bank Nifty likely attempting 55,200, said Rajesh Palviya, Senior VP – Technical and Derivatives Research at Axis Securities. “Nifty managed to give a breakout of the falling trend line on the daily chart and comfortably holding above all its near-term, … Read more
Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday shares amid a firm trend in global markets. Stocks that were in focus include names like HDFC AMC, which gained 1.7%, HCL Tech, which jumped 1.2%, and Sterling and Wilson, whose shares rose 5% on Tuesday. Here’s what Viral Chheda, … Read more