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Nifty Analysis: Tech View: Nifty50 s momentum weakening, support seen at 13,680

NEW DELHI: Nifty50 climbed for the fifth session on Thursday and closed above the 13,700 mark, a day after breaking out of a crucial resistance level. The trading range remained narrow, and the index formed an indecisive candle for yet another day. Analysts said the 13,673-80 levels needs to be respected on Friday, else a halt to the ongoing rise may set in. As sell signals on technical indicators and oscillators of lower time frame charts are getting whipsawed, perhaps owing to excess liquidity. Traders are advised to look only for long side opportunities until some strong reversal signs get visible, said Mazhar Mohammad of Chartviewindia.in

Market Watch: Will D-Street keep making record highs or a correction is likely?

Market Watch (ET Online) 06:16 Min | December 17, 2020, 6:55 PM IST Tune in as we discuss the market valuation, where is it headed, Mrs Bectors IPO, and more! Tags Transcript Welcome to ETMarkets Watch, the show about stocks, market trends and money-making ideas. I am Nikhil Agarwal and here are the top headlines at this hour. Sensex, Nifty climb to fresh record highs; broader indices underperform Mrs Bectors IPO subscribed 198 times on last day Anil Agarwal eyes Indian divestment plan with $10 bn war chest Bitcoin soars above $23,000 as more Wall Street firms pile in Defence Ministry clears acquisition proposals worth Rs 28,000 crore Now let us take a quick glance at what happened on the Dalal Street today.

Sensex, Nifty scale to fresh highs for 5th straight day; check key support, resistance levels for Nifty

Sensex, Nifty scale to fresh highs for 5th straight day; check key support, resistance levels for Nifty
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Sensex ends at record high, Nifty at 13,740; HDFC twins, Bajaj Finance, IndusInd Bank top gainers

Sensex ends at record high, Nifty at 13,740; HDFC twins, Bajaj Finance, IndusInd Bank top gainers Sectorally, gains in financials, banking, realty and pharma index were capped by losses in media, metal, FMCG, PSU banks and IT scrips BusinessToday.In | December 17, 2020 | Updated 17:25 IST HDFC, Bajaj Finance, HDFC Bank, IndusInd Bank, PowerGrid, UltraTech Cement, TCS, Tech Mahindra and L&T were among the top gainers on Sensex Market indices closed at new record highs on Thursday, amid persistent foreign fund inflows and positive global equities. Rallying for the fifth consecutive session, Sensex ended 223 points higher at 46,890 and Nifty gained by 58 points to 13,740.


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