The short-term outlook is positive and this consolidation is likely to be used as a buying opportunity. In terms of levels, 19865 – 19810 is the crucial support zone, while 20200 – 20250 shall act as an immediate hurdle zone.
The Indian market remained volatile throughout Thursday’s trading session. The BSE Sensex fell by more than 100 points, while the Nifty50 closed above the 23,500
RBI Governor Shaktikanta Das stated that the Indian economy and financial sector are in a strong position. India’s external sector is robust, and the current
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