Markets were under sustained pressure all week, ending on a decidedly negative note. After attempting a modest recovery early, the Nifty faced sustained selling at higher levels and fell as the week progressed. The index has been fluctuating within a defined range of 25,771.45 on the higher side and 25,141.30 on the lower side. Volatility […]
Nifty ended with gains on Wednesday, helped by strong action in IT and auto stocks, although financials, FMCG and energy stocks limited gains. Things remained volatile throughout the session as sentiment from the past sessions weighed on the markets.Rupak De, Senior Technical Analyst at LKP Securities, said investors remained largely on the sidelines as the […]
Nifty ended sharply lower on Tuesday, dragged by a sharp decline in IT, auto and banking stocks. The index has fallen sharply after falling below the 21EMA, leading to a significant long recovery period. Commenting on current trends, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty declined towards the 200DMA, where it found […]