The daily chart continues to display a negative pattern with lower tops and bottoms, indicating a potentially further downward trend. The current upside bounce could lead to another lower-top formation in the short term. If Nifty moves higher, it could face a strong resistance at the recent down gap from January 13 around the 23,350 levels. According to Nagaraj Shetti of HDFC Securities, the near-term trend remains weak, and the bounce could present a sell-on-rise opportunity near 23,350, with immediate support at 23,050 levels.
ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May
Quant Mid Cap Fund added ITC, Lupin, and Aditya Birla Lifestyle Brands to its portfolio in May, while exiting Cochin Shipyard, BHEL, and Ipca Labs.
June 19, 2025