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.
Intel’s $100 billion April rally makes it market’s hottest stock
Intel has emerged as one of the hottest S&P 500 stocks, adding over $100 billion in market value during a nine-day, 53% rally. A string