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Nifty closed with gains on Wednesday, recording its third positive close amid buying trends in consumer, financial and metal stocks, even as the IT sector dragged the markets. The Nifty staged a consolidation break on the 15-minute chart, leading to a rally towards the end of the session. Rupak De, senior technical analyst at LKP […]
According to Gautam Shah, founder of Goldilocks Premium Research, Indian markets may be on the verge of another major breakout. He believes that the Nifty is gearing up to cross the 26,200-point mark and enter a new phase of bullish momentum. Speaking to ET Now, Shah said that whenever the Nifty approaches 26,200, he hesitates […]
Market strategist Rohit Srivastava, founder of Strike Money Analytics and Indiacharts, believes the market’s festive momentum will continue. After months of consolidation, he said the Nifty is gearing up for a strong breakout, supported by improving earnings, policy tailwinds and positive technical cues. “We are holding on to these gains because all the bad news […]
The markets traded positively throughout the week as Nifty continued its upward move and remained within a certain range. The index fluctuated in a narrow band of 448.70 points and moved between 24,881.65 and 25,330.75. Despite intra-week volatility, the index managed to post a net gain of 391.10 points, or 1.57%, on a weekly basis. […]
The Nifty and Nifty Bank index have risen well for the second week in a row. Nifty is getting close to its crucial resistance. We will have to see if the expected bullish breakout happens this time or not. Nifty may gain momentum after breaking above immediate resistance at 25,450. Such a break could take […]
