The formation of a bullish hammer candle pattern of last week as per the weekly timeframe chart is still intact. The index is expected to slide near the low of the said hammer pattern around 19,350-19,450 levels in the short term before showing another round of upside bounce from the lows. Immediate resistance is placed at 19,620 levels, said Nagaraj Shetti of HDFC Securities.
DGTR recommends countervailing duty on copper wire imports
The Directorate General of Trade Remedies (DGTR) suggests imposing countervailing duties, ranging from 3.46% to 10.27%, on copper wire imports from Vietnam, Thailand, Malaysia, and
April 8, 2025