Nifty Bank, which is near its 52-week high, was trading above 7 out of 8 SMAs. The index has to hold above 41,000 zones for an up move towards 41,250 and 41,500 zones, whereas supports are placed at 40,500 and 40,250 zones.
In the Nifty50 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 2, according to stockedge.com’s technical scan data.
Indo Farm Equipment IPO share allotment is expected to be finalized soon. Investors can check their allotment status on BSE or registrar’s website. Indo Farm
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