Nifty is also around 18400 so it is a big rally now. If for a couple of days if markets go into a consolidation of 50-100 points on Nifty and a couple of hundred points on Bank Nifty, it is absolutely fair. And for me on Bank Nifty 43800 for the morning lows will act as a very important support.
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