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Nifty ends higher on buying in metals, power & IT stocks

Nifty ended higher on Monday aided by buying across metals, power and IT stocks, Deepak Jasani, Head of Retail Research, HDFC Securities, has said.At close, Nifty was up 0.43 per cent or 83.5 points at 19,393.6. Volumes on the NSE fell sharply .

Nifty Ends Higher On Buying In Metals, Power & IT Stocks

Nifty Ends Higher On Buying In Metals, Power & IT Stocks
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Nifty ends higher on buying in metals, power & IT stocks #newkerala(95864)

Nifty ends higher on buying in metals, power & IT stocks #newkerala(95864)
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Aamar Deo of Angel One decodes Nifty mood, Adani Power and Nykaa strategy for next week

Technically, the markets needed a correction, and it appears that in the upcoming week, the support zone between 19,100 and 19,200 would be important to watch out for Nifty. A zone of resistance would continue to exist between 19,500 and 19,600 on the upswing. Being ready for a turbulent trading week, especially with the technical indicators also pointing in that direction.

Key levels on Nifty Metal, Pharma, Energy indices to help plan your trade

According to Ravi Nathani, an independent technical analyst, the outlook for Nifty Metal, Energy and Pharma indices is bullish and hence recommends to buy at CMP or on dips.

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