Volatility is likely to continue to persist, but downsides, if any, will remain limited.
The market may continue to consolidate a bit more before a clear upmove continues.
There are no second thoughts and the market will continue to display a buoyant undercurrent.
When compared with their five-year averages, OECD stocks are seen reducing consistently.
Nifty50 will face resistance at the 10,565 and 10,690 levels during the coming week.
Favourable technical setup was observed in KPIT, TCS, Subex, Infibeam and M&M Financial.
The levels of 10,440 and 10,495 will act as immediate resistance area for the market.
The Wednesday’s trade will see 10,440 and 10,520 acting as immediate resistance levels.
Indian stock market is showing some signs of impending consolidation.
The daily MACD stays comfortably bullish while trading above the signal line.
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