Rajesh Palviya said that the chart pattern suggests that if Nifty crosses and sustains above 14,500 may cause pullback towards 14,600-14,700. By Rajesh Palviya Nifty opened (on Friday) with a downward gap and witnessed extreme volatility on either side however last hour selling pressure dragged the index lower to close on a negative note. The
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The intraday chart suggest correction wave likely to continue if the Nifty/ Sensex succeed to trade below 14400/48100. Image: Reuters By Shrikant Chouhan The market registered an extremely volatile session, the Nifty/ Sensex closed 63/243 points lower. The Nifty/ Sensex failed to sustain above the 14500/48400 resistance mark and due to consistent selling pressure at
Although domestic stock markets have corrected from their all-time highs, market valuations still seem to be overextended given the economic outlook. Although domestic stock markets have corrected from their all-time highs, market valuations still seem to be overextended given the economic outlook, said Investment advisor Sandip Sabharwal in an interview with Surbhi Jain of Financial
Following the announcements by RBI Governor Shaktikanta Das of GSAP, 10-year bond yields fell about 4 bps to 6.08 per cent, the Rupee fell almost 1.5 per cent — its biggest single-day drop since August 2019. Image: Reuters By Kaushlendra Singh Sengar It has always been a controversial issue over selection of stocks in the
The financial and auto stocks are available at major supports and it is advisable to accumulate them with a medium to long term view. Image: Reuters By Shrikant Chouhan The market witnessed hefty short covering on Tuesday when it has rejected to fall below the previous lowest levels of 14250 regained the levels of 14450.