While healthcare and technology gain from a depreciating rupee, retail and consumer durables could benefit as consumption is expected to see a pick-up as retail inflation subsides in the coming quarter.
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
January 16, 2025