The chart pattern suggests that if Banknifty crosses and sustains above 32800 level it would witness buying which would lead the index towards 33200-33600 levels. (Image: REUTERS) By Rajesh Palviya Markets are keeping a very close watch on the ongoing health crisis w.r.t second wave of covid across all the states in the country. One
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The weekly price action formed a high wave candle, indicating elevated volatility in Nifty 50 as profit booking emerged after approaching the psychological mark 15000. Image: Reuters By Dharmesh Shah Nifty Outlook The week that was… Related News Equity benchmarks snapped past three weeks decline and concluded the week at 14631, up 2%. Broader markets
The short term trend of Nifty continues to be positive. (Image: REUTERS) By Nagaraj Shetti After showing a sign of strength with upside momentum on Tuesday, Nifty demonstrated another sharp upmove on Wednesday and closed the day higher by 211 points. After opening with upside gap of 57 points, Nifty shifted into a sustained upmove
There is a possibility of a further upside that may continue to push the index upwards, till 14800. Image: Reuters By Shrikant Chouhan The market continued to remain positive for the second day in a row. On Tuesday, once again the benchmark index — Nifty/Sensex opened with a strong gap and quickly surpassed 14550/ 48600
Nifty 50 could see a pullback soon. By Dharmesh Shah Equity benchmarks concluded the truncated last week on a subdued note amid elevated volatility owing to surging Covid-19 wave 2 across India. The Nifty ended the week at 14341, down 1.8%. The broader market relatively outperformed as Nifty midcap lost 1% while small-cap remained flat.