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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 […]
Nifty finished flat in an otherwise range-bound session on Wednesday, posting its fourth consecutive gain. The technical situation remains bullish, with the RSI in a bullish crossover and the index trading above 20DMA, supporting a positive bias.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities said the index encountered resistance at […]
Tata Communications has made a decisive breakthrough, indicating a possible structural upward trend. According to Rupak De, Senior Technical Analyst at LKP Securities, the stock seems poised for a medium-term rally with a target of Rs 2,300 in the next 9 to 12 months, while Rs 1,700 remains a key support level. Edited excerpts from […]
