The broader outlook clearly validates the support of 200-SMA, presently set at Rs 145-mark. The consolidation breakout from the range of Rs 200-155 in early August has elicited a bullish outlook for the coming months. Also, the positive crossover of 100-SMA with 50-SMA further negates any major drawdown.
Market Trading Guide: BEML, DMart and BSE are among 8 stocks to buy on Monday for gains up to 19%
India’s headline indices ended Friday with strong gains helped by bank, energy and IT stocks. Nifty moved up sharply after three days of consolidation, resuming