The Nifty index ended above 18,250 points and formed a bullish candle on the daily chart, indicating that it is still in buy mode as long as it remains above the support of 18,200 points. Supports are placed at 18,181 and 18,081, while the index has a broader trading range between 17,800 to 18,500 points and an immediate trading range between 18,100 to 18,400 points. The daily and hourly momentum indicators signal a buy, and the consolidation range is estimated to be between 18,000 to 18,300 points. The expanding triangle shows that the Nifty may have obstacles at 18,330 to 18,350 points.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of