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Indias benchmark Nifty traded within a narrow range on Friday and closed with a slight decline. Financials and IT stocks weighed on the index, while auto and FMCG names helped cushion the downside and prevented a deeper fall. The 50-stock index closed the week forming a small candlestick on the weekly chart, indicating hesitation at higher levels.Commenting on the current trends, Vatsal Bhuva, Technical Analyst at LKP Securities, said that Niftys RSI has drifted into a bearish crossover with lower tops on the hourly chart, suggesting bulls may take a breather at these levels. However, support remains visible at 26,100 and 26,000, while resistance is placed at 26,300. The technical setup suggests the index may trade in a range, with immediate support at 26,100 and resistance around 26,30026,350 levels. Closing above 26,300 levels will open the door for 26,600 levels, Bhuva said.Here are 5 stock recommendations for Monday:
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Equity mutual funds have delivered up to 9% return last week, with international funds leading the chart. There were 585 funds, including SIFs. Here are the top 10 performers (Source: ACE MF)
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Market momentum continued as indices strengthened within a two-month channel supported by steady sector performance and stable global cues. Short-term consolidation persisted, though sentiment stayed constructive. Technical indicators pointed to resilience despite volatility, with traders watching breakout levels as institutional flows and macro trends guided expectations for the upcoming sessions
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