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Explore Now NEW DELHI: Nifty had a gap up opening on Tuesday, but it failed to sustain the gains and saw a sharp selloff, ending in the red. The headline index formed a long bearish candle on the daily chart. Manish Hathiramani, technical analyst at Deen Dayal Investments said, On the upside, there is a stiff resistance at 14,700 level and until we do not get past that, we will not enter a bullish trend. It is a tight range and traders need to be cautious in their approach. Ajit Mishra, VP - Research at Religare Broking said, We believe volatility is likely to remain high for the markets in absence of any major positive trigger. Going forward, the updates on Covid-19 cases, vaccination and earnings announcements, especially from Nifty majors, would be key monitorables. We reiterate our cautious stance and suggest preferring hedged positions. ....
Ahead of Market: 12 things that will decide stock action on Friday SECTIONS Share Synopsis We might see further consolidation after the recent up move. However, the bias would remain on the positive side, said Ajit Mishra, VP - Research at Religare Broking. iStock Analysts said Nifty can see a brief consolidation in the 14,700-15,000 range in the coming days before it moves higher. Related NSE Explore Now NEW DELHI: Nifty made another gap up opening and took out the crucial 15,000-mark before succumbing to a volatile trade due to the weekly and monthly F&O expiry. The headline index still managed to end above its previous closing mark, but formed its first bearish candle on the daily chart in the past six sessions. ....
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Read more about Supreme Engineering reports standalone net loss of Rs 2.25 crore in the December 2020 quarter on Business Standard. Sales rise 36.27% to Rs 27.54 crore ....