Nifty on Monday ended 153 points higher to form a green candle on the daily chart while registering a new all-time high. Positive chart patterns like higher tops and bottoms are intact as per the daily chart, and the present upmove is in line with the new higher top formation of the pattern. The short-term … Read more
Nifty, which has been looking for a directional headway on either side, ended the week 0.33% down with all major news trigger events like Budget, earnings, US Fed and RBI policy meetings behind us. Anand James, Chief Market Strategist, Geojit Financial Services, says this data vacuum presents an opportunity for time correction. “But our modest … Read more
After clocking eight successive years of positive returns and ending 2023 with a solid 20% return, analysts predict that Nifty’s winning run may continue in the new year 2024 but with a more limited upside. Stating that the returns in 2024 will depend on the tussle between fundamentals and sentiment, Kotak Institutional Equities said in … Read more
After a sharp rally over the past two months, the Nifty is poised to take a pause and consolidate, maintaining a positive bias within the broader range of 21,600-20,800. Analysts suggest that any potential breakout above 21,600 could propel the index to a new all-time high within the range of 22,000-22,200. Stocks such as L&T, … Read more
