Nifty’s hourly momentum indicator has a negative crossover and so the rallies are short-lived and failing to persist at higher levels. Traders should opt for buy-on-a-dip strategy around 23,150 – 23,100.
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
Indian markets ended the week higher but may face volatility due to U.S. airstrikes on Iran. Rising crude oil prices, cautious FIIs, and weak technical
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