Due to temporary overbought conditions, we could see some profit booking at higher levels. However, the medium-term trend is still on the positive side unless it starts trading below Rs 1,100. Positional traders retain an optimistic stance and look for an upside of Rs 1,275-1,325.
BSE shares fall 2% as NSE makes market debut. Here’s why Macquarie sees 22% upside
On Thursday, BSE shares fell by 1.5%, coinciding with NSE’s much-anticipated market debut after a lengthy IPO process. The initial response from analysts was varied;