India s benchmark indices hit new highs on strong global demand expectations. Analysts suggest buying on dips and selling on rallies strategy. US stocks rise, European shares slip ahead of ECB decision. MACD signals bullish trade on select stocks.
Nifty on Wednesday ended with a marginal gain of 20 points to form a Doji type candle on the daily charts. The upside recovery of Wednesday from the immediate supports signal chances of further upside for the Nifty in the short term.