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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 […]
Nifty posted its third straight gain on Thursday, helped by buying in financial and energy stocks, although selling pressure in auto, IT and consumer loans capped the upside. The index maintained its position above the 50 EMA on the hourly chart.Commenting on the day’s trends, Rupak De, Senior Technical Analyst at LKP Securities said Nifty […]
Stock ideas Nifty ended with a decline for the third day in a row on Wednesday due to selling pressure in financial services and consumer stocks. The index fell below the 200-DMA on an intraday basis for the first time in many weeks.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities […]
