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Read more about ISGEC Heavy Engg bags O&M order in Odisha on Business Standard. ISGEC Heavy Engineering on Friday announced that it has taken over the operations and maintenance of a 3X30 MW cogeneration plant for one of the leading alumina refineries in Odisha from 1 June 2021.
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New Delhi: The domestic equity market on Monday managed to extend gains to a second straight day amid a volatile session. Strong buying interest seen in financial, power and realty counters helped the market end the day in the green.
Though the Nifty breached the 15,200 level at the open, it fell shy of the said level on a closing basis and ended at 15,198. The index formed an indecisive Doji candle on the daily chart indicating investor indecisiveness at a higher level. Analysts said Nifty will need to hold above the 15,150 level to witness any further bounce. Can the Nifty inch towards the 15,300 level and hit new highs?
Analysts said Nifty may witness further bounce if it manages to hold above this level. Can the index manage to take out the 15,300 level this week? Or will we see some more consolidation?
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Last Updated: May 17, 2021, 10:06 PM IST
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Synopsis
Nifty formed a healthy bullish candle on the daily scale even as it negated the formation of lower highs and lows of the last three sessions.
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Manish Hathiramani, Proprietary Index Trader and Technical Analyst of Deen Dayal Investments, said the market may remain bullish as it has managed to zoom past the 14,850 level.
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NSE
By Sabari Saran
New Delhi: Dalal Street s fear gauge, India VIX, on Monday recorded the lowest close in 87 sessions since January 1, 2021, signalling a sharp drop in volatility. Meanwhile, Nifty formed a healthy bullish candle on the daily scale even as it negated the formation of lower highs and lows of the last three sessions.