The market mood remained abrupt as some traders discovered that the sudden announcement of a full-day trading session affected their trading strategies. The premium pricing behavior was also abrupt, as the market had not discounted the preponed session
If the Nifty closes above 21,800, then it is likely to test 22,000 on an immediate basis. Analysts say traders who are shorting the market should square off the position at the current market price or on a minor pullback
The Nifty IT index is grappling to overcome the selling pressure emerging around the 36,000 mark. This hurdle must be surpassed to enter the next leg of upside, as per experts.
At noon, Nifty Midcap 100 was up 1.14 percent at 45,460, while Nifty Smallcap 100 was up 1.3 percent at 14,850. According to technical analysts, several midcap stocks are now ready for a breakout