“The trade is undoubtedly on the long side. However, it would be quite prudent to exercise some degree of caution now. Since the FIIs’ net long is currently at an all-time high of 82%, they can begin to rise in the short. After all, mining and longs can occur. In that scenario, Nifty may potentially experience a 400–500 point drop. Additionally, Bank Nifty is also able to detect up to 1,000 significant points,” said Shilpa Rout of Prabhudas Lilladher
Reliance Power shares hit 5% upper circuit for 6th straight day, reach fresh 52-week high. Here’s why
Reliance Power Share Price: Reliance Power shares hit a new 52-week high, reaching Rs 42.06 on the BSE after the board approved issuing up to