Equity markets ended higher this week, driven by buying in select heavyweight indices and a fiscally prudent Budget. 52 BSE500 stocks gained in double digits, with NBCC as the top gainer. In the midcap segment, Indian Bank, Delhivery, and HPCL rose in double digits. Power Grid topped the Sensex pack. All eyes will be on the RBI’s policy meeting next week, with analysts expecting the Central bank to maintain key interest rates. Technical analysis suggests that Nifty may face resistance at 22100-22200 levels.
Tech View: Minor pullback rally likely in Nifty, crucial resistance at 24,750. How to trade on Monday
Tejas Shah, Technical Research Analyst at JM Financial & BlinkX, noted that Nifty has support at 24,100 and 24,000, with immediate resistance at 24,450-500 and