Nifty formed an inside day pattern, indicating sideways movement. Bears are in control, using pullback rallies to create short positions. Support at 24,950-25,000 and 24,750. Resistance at 25,100 and 25,250-275. Analysts suggest buying on dips, with a stop loss at 24,800.
Ashok Leyland 1:1 bonus issue record date tomorrow. Do you own?
Investors eyeing Ashok Leyland’s 1:1 bonus issue should note July 15 as the last day to buy shares for eligibility. The company has set July