Nifty on a strong uptrend, could aim at 24,550-24,850

The recent unfilled weekly upside gap is likely to be a bullish breakaway gap, which is normally formed at the beginning of sharp up-trended moves. The next upside target to be watched for Nifty is around 24,550 and 24,850 in next two weeks. Immediate support is at 23,500.

More To Explore

How to calculate net interest margin?

NIM measures a bank’s profitability from interest activities. It’s influenced by interest rates, loan quality, and asset mix, and can be improved by optimizing lending