The rise to 25,800 on the #Nifty and 54,000 on the #NiftyBank index occurred final week in step with our expectation. The US Federal Reserve, #usfed delivered a #50-bps charge lower final week. The central financial institution has saved the doorways open for an additional 50-bps charge lower for the remainder of the 12 months. … Read more
Final week we stated that Nifty can rise to 25,600-25,700. This rise didn’t occur. Quite the opposite Nifty witnessed a pointy fall, particularly on Friday breaking beneath an vital help. Each the Nifty and NiftyBank index have closed close to a really essential help. They need to see a robust bounce from right here to … Read more
Nifty has risen breaking above the resistance stage of 24,850 as anticipated final week. After the preliminary rise, Nifty was purchased each time it dipped beneath 25,000 final week. That signifies the presence of sturdy patrons at decrease ranges. That retains intact our bullish view. Nifty50 is wanting sturdy on the charts. We are able … Read more