The index’s immediate resistance on the upside is at 36,400, and a breach of this will witness some short covering move on the upside towards 39,000 levels. The lower-end support is placed at 37,500. If that is breached, it will aggravate the sell-off towards 37,000-36,000 levels.
Coal India Q4 Preview: Net profit seen falling QoQ; strong operational show expected
Coal India’s Q4 performance shows promising growth, with higher EBITDA and net profit. Strong operational show expected for the quarter ended March 2024, driven by