In Wednesday’s trading session, the Sensex experienced a decline of approximately 796 points, ultimately settling at 66,800. Despite this significant market downturn, four stocks from the BSE FMCG index managed to attain their highest prices in the past 52 weeks. The 52-week high is of great importance to certain traders and investors because it serves as a crucial technical gauge for assessing a stock’s present worth and predicting possible price fluctuations. This figure denotes the peak price at which a stock was traded throughout the preceding year.
Tech view: Nifty forms Doji candle; a break below 23,500 likely to push index lower. How to trade on Monday
The 23,500-23,540 range serves as an immediate support zone for the index. A decisive break below 23,500 could lead to a further drop to the
November 14, 2024