To record its best weekly gain in last 4 years, Sensex rallied over 3,000 points in 5 sessions due to cooling bond yields, a strengthening rupee, and increased foreign investor interest. Analysts advise investors to stay invested and use market dips as opportunities for long-term gains, while being cautious of short-term volatility.
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit’s Anand James
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments