“We will probably hit record high before Diwali but the short term is very difficult to predict. In the near term, we might see a small correction before going up again,” says market expert Abhishek Basumallick, who runs equity research firm Intelsense.
Tech View: Nifty forms doji candle; buy-on-dips suggested with 22,780 as key support. How to trade on Thursday
Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285