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If Nifty IT gives a breakdown below the 35,400 level, it could potentially create chaos in the sector, said Rupak De, Senior Technical Analyst at LKP Securities. “On the other hand, if the index remains above 35,400, we can expect a meaningful price recovery in the IT space.”Edited excerpts from a chat: FII shorts in […]
With the Nifty having fallen below its 200-day moving average amid continued foreign exchange outflows and a weakening rupee, market sentiment has turned decidedly cautious on the Budget. In an interaction, Rupak De, Senior Technical Analyst at LKP Securities, outlines his trading strategy for the January expiry, key levels to watch and stock idea selection […]
Nifty’s rally seems to be hitting resistance around 26,200 points while Bank Nifty is showing early signs of fatigue after surging. Rupak De, senior technical analyst at LKP Securities, expects action in the range up to the November expiry and highlights key support and resistance levels along with his top trade ideas in Hindalco, Five-Star […]
The Indian market ended higher on Wednesday, with financials and IT stocks leading the Sensex and Nifty, as renewed optimism over a possible trade deal with the US and expectations of an end to the government shutdown in Washington, among other things, boosted investor confidence.The S&P BSE Sensex climbed 0.71% to 84,466.51, up 595.19 points, […]
The Indian market ended lower on Thursday, with Sensex and Nifty falling after the US Federal Reserve’s latest interest rate decision and chairman Jerome Powell’s cautious comments spooked global investors. The S&P BSE Sensex fell 592.67 points, or 0.70%, to close at 84,404.46, while the NSE Nifty 50 fell 176.05 points, or 0.68%, to end […]
