The index is trading in a strong uptrend with higher top and higher bottom formations intact on all the time frames, Shah said, adding that once the index surpasses the mentioned hurdle, it will see a strong move on the upside toward the 41,000-41,500 zone.
Kusumgar IPO Day 3: Issue ends subscription with 129x bids; GMP signals 38% listing upside
Kusumgar’s Rs 650-crore IPO concluded with overwhelming investor demand on its final day. Non-Institutional Investors and Qualified Institutional Buyers showed significant interest in the offering.