Experts Say Avoid Aggressive Bets: Top 10 Short-term Buy/sell Ideas For The Next 3-4 Weeks moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Ahead of Market: 12 things that will decide stock action on Monday
SECTIONS
Share
Synopsis
A few analysts said Friday s fall could just be a single-day affair, but for that to be true Nifty needs to close above the 14,500 level on Monday.
Shutterstock.com
India VIX needs to cool down below 20 level to again get the bullish stance.
NEW DELHI: Headline equity index Nifty saw a bout of profit booking and formed a bearish candle on the daily chart on Friday. On the weekly scale, the index closed a little lower than the week s opening to form a Gravestone Doji candle, signalling indecisiveness on Dalal Street.
A few analysts said Friday s fall could just be a single-day affair, but for that to be true the index needs to close above the 14,500 level on Monday, they said.
It is expected that Calendar 2021 would obliterate all the negative rhetoric around mounting worries and the ground-level economy may return to normalcy.