Local indices rebound on global cues

May 9, 2023

The Sensex advanced 709.96 points, or 1.16%, to close at 61,764 -a day after banking stocks took a beating following a selloff in HDFC twins. The Nifty gained 195.40 points, or 1.08%, to settle at 18,264.

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Tech view: Lack of strength limits Nifty’s breakout potential, key support at 23,150. How to trade on Friday

Nifty’s short-term trend remains positive, but lacks strength for significant breakouts. Key resistance levels are at 23,400-23,450, while immediate support is at 23,150. Analysts suggest

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Dixon Technologies shares tumble 6% in 2 weeks. Is long-term bullishness intact?

The Dixon Technologies stock rebounded from its support near Rs 15,953, with resistance around Rs 17,295. It trades below its 20-day and 50-day EMAs of

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