The Nifty formed a small-bodied bearish candle on Tuesday and remained indecisive between bulls and bears. The hourly Nifty time frame chart showed a negative divergence formation in RSI. However, the index needs to hold above the 18181 zones to see an up-move towards the 18350 and 18500 zones, while support is at 18181 and 18081 marks. India VIX increased from 12.64 to 12.67 levels, resulting in a muted market movement, while options suggest a broader trading range of 17800 to 18500 zones. Experts suggest that the Nifty outlook is positive, and trade should take place between 18150 to 18350 levels.
Belrise Industries IPO: Price band set at Rs 85-90; issue opens on May 21
Belrise Industries has set the price band for its Rs 2,150 crore IPO at Rs 85–90 per share. The issue opens on May 21 and
May 16, 2025