I mean, alternately if we break the current range, then even the Bank Nifty would go into a free fall and then retest the 50,000 marks, so that is the risk but again there is some short-term oversold reading that should give us some kind of a relief in the next couple of days is what I am thinking.
MGL rides PNG adoption wave, analysts see further upside
Mahanagar Gas shares have surged on government’s push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to