Jubilant FoodWorks, with a market capitalization of nearly Rs 38000 crore, was consolidating in a range of Rs 575-450 on the weekly charts. Recently, the stock on the weekly charts recorded a breakout from the said range and inched closer to Rs 600 levels.
Indian markets may consolidate on Tuesday following mixed global cues. The Sensex gained over 300 points with Nifty50 closing just below 18600 levels. India VIX
Considering a base case, we can see NIFTY to be around 20,000 levels given that India has positioned itself in the best spot where it
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