“This indicates the possible completion of a recent downward correction in the market. The positive sequence of higher tops and bottoms is intact, and Wednesday’s low of 16,438 could now be considered as a new higher bottom of the sequence. Now, one may expect the Nifty50 to move up and challenge the recent higher top of 16,752 shortly,” Shetti said.
Dividend stocks: Vedanta, Ultratech among 100 stocks to trade ex-dividend next week. Do you own any?
Out of the lot, 5 are Nifty companies, i.e, Ultratech Cement, Maruti Suzuki, Cipla, Divi’s Laboratories and Hero Motocorp. Other names include companies like Vedanta,