Dr. Praveen Dwarakanath, Vice President of Hedged.in, observed that Nifty is consolidating near its resistance at 24,850. Despite forming another Doji candle, the index showed strength by recovering from an intraday drop of over 100 points.
In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 15, according to stockedge.com’s technical scan data.
Shares in South Korea and Australia climbed early Friday, while Japan’s were mixed. US futures inched higher after the S&P 500 rose 0.4% Thursday. Canada’s
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