Nifty futures on the Singapore Exchange traded 162 points, or 0.87 per cent, higher at 18,710, hinting at a positive start for the domestic market on Monday.
The Board of Directors of Jubilant Pharmova Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.
The short-term outlook remains robust. If the Nifty moves above 18,350, it can rise to 18,600. If the index drops below
18,350, traders should exit long positions, analysts say
Traders are advised to book profits hereon as there could be a sharp corrective move in the coming weeks. On the downside, the immediate support is at 18,060, and a breach of the same might result in further profit-booking.