Over the coming week, any move and sustenance above the current levels are likely to lead to a breakout. The levels of 18000 and 18195 are likely to act as potential resistance points. The supports come in at 17700 and 17580 levels. The coming week is likely to see a trading range that may remain wider than usual. The weekly RSI is 60.58; it has made a 14-period high which is bullish.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South
May 16, 2025