Companies are managing balance sheets more efficiently today and that was what reflected in the recent quarter earnings when the numbers largely beat analyst projections, he said while expecting the trend to continue for at least a handful Nifty50 companies going ahead.
Tech View: Nifty forms bullish reversal pattern. What traders should do next week
The psychological mark of 22,000 holds intermediate support, followed by strong support of the 21,800-21,700 subzone. On the higher end, the 20-DEMA placed at 22,300,