Dalal Street Week Ahead: Which sectors may lead and which ones may lag from here on

2021-08-28 15:28:25

In our previous weekly note, we had mentioned that although the market is due for some range-bound consolidation, defending the 16,300-16,450 zone will be crucial for the Nifty. Over the past five days, the 50-pack has kept on marking intermittent highs with some consolidation in between. Amid some interim pressure due to profit taking, Nifty took support near the 16,400 level, as it formed the weekly low at 16,395. The week saw Nifty trade in a range of
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Trade Setup: Nifty in uncharted territory; avoid aggressive shorts

2021-08-15 17:51:26

After a fierce consolidation of over six days on the daily chart, the markets finally attempted to resume its up move in Thursday’s trade. On anticipated lines and as supported by F&O data, it was mentioned that the move may get extended on the last trading day of the week as well. On the expected lines, the Nifty surged higher on Friday while extending its gains and ended on a decently positive note.

The Nifty opened higher and

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