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Nifty's two-day bounce is a counter-trend move, not a reversal: Rohit Srivastava
Despite recent gains, market sentiment remains cautious as a technical expert views the current bounce as a counter-trend move within a broader decline. Key support at 23,350 is crucial, with a break below expected to lead to further downside. The IT sector's rally, driven by currency, is seen as short-covering, not a trend reversal.
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economictimes.indiatimes.com
Nifty's 23,600 line in the sand: Why missing this level could pull the index to 22,800
Niftys recent profit booking has made 23,600 a crucial support level, with a breach potentially dragging the index to 22,800, says Geojits Anand James. While technical indicators…
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Market Trading Guide: 2 stock ideas for Monday with up to 8% near-term gains
