The near-term trend of the market continues to be positive. There is a possibility of Nifty reaching the important resistance of 21,550 levels, which is 78.6% Fibonacci extension (taken from March bottom, Sept top and Oct bottom) in the coming week. Immediate support is placed at 21,050 levels, said Nagaraj Shetti of HDFC Securities
India beats a hasty retreat from a crucial market reform
India’s market-closing auction reform, designed by Sebi to curb price manipulation, has faced volatility and investor backlash within weeks. The regulator may weaken or abandon