On the other hand, on the lower time frame charts, the Nifty has created a potential top at 17500 levels. This level is likely to act as resistance unless it is taken out comprehensively. Until this happens, one can expect profit-taking bouts from higher levels. In the same breath, one also needs to keep in mind that while the markets continue to remain prone to consolidation, they may stay range-bound with limited downsides.
LIC dividend alert! Last day to buy insurance behemoth’s shares for Rs 10 dividend
LIC has fixed June 25 as the record date for its Rs 10 final dividend, making today the last opportunity for investors to buy shares