After recording the highest weekly gain in the last 75 weeks, Nifty bulls will try hard to maintain the momentum on Monday after six days of non-stop rise. As the market opens, the attention would turn to index heavyweights like , and ,…
Nifty50 on Friday climbed for the sixth session in a row and, in the process, took out the 16,700 level on a closing basis. The index formed a bullish candle on the daily chart and a solid bullish candle on the weekly scale. Analysts…
New Delhi: On the back of global cues and signs of inflation peaking out, the equity market has so far gained around 5 per cent from its recent lows. While the Nifty ended up 1.1 per cent higher at 16,520.85, the Nifty IT index rallied 2.93…
NEW DELHI: The Nifty50 on Wednesday climbed for the fourth straight session and, in the process, topped the 16,500 level on a closing basis. That said, the index ended up forming an indecisive bearish candle on the daily chart after a…
Here's how analysts read the market pulse:
Ruchit Jain, Lead Research, 5paisa.com, said in case of any declines, the immediate support for Nifty will be seen around the hourly 20-EMA near 16,220. On the flipside, the near-term upside for…
Nifty50 valuations, based on various parameters, look slightly expensive at present. Analysts believe while there are likely chances of earnings downgrades ahead, they see the market gradually moving higher.
Vinay Khattar of Wealth said…