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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
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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
Nifty ended lower on Friday, breaking a two-session winning streak as banking, metal and realty stocks dragged the index below the 23,800 zone. Analysts see a bearish setup with…
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Nifty could slip towards 23,150 if key support breaks: Rupak De
Indian equity markets ended last week under pressure, with benchmark indices struggling to hold gains due to weak technical indicators and selling in heavyweight stocks. Analyst…
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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…
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IT rally a dead cat bounce, ferrous metals and defence look promising: Nischal Maheshwari
Indian markets show signs of life, but expert Nischal Maheshwari urges caution. He sees a dead cat bounce in IT stocks and advises against chasing short-term gains. Green energy…
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Next rally hinges on 23,800 breakout, says Dharmesh Shah on Nifty outlook
The domestic equity market experienced a strong intraday recovery, with the Nifty rebounding sharply and experts suggesting a 'buy on dips' structure. Key support is identified at…