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Ahead of Market: 12 things that will decide stock action on Monday
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Momentum indicator ACD on Thursday showed a bullish trade setup on counters such as JSW Energy, Firstsource Solution, UPL and Sun Pharma.
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On the weekly scale, the headline index formed a large bullish candle for the week gone by.
NEW DELHI: The Nifty 50 index staged a rebound on Friday after a hiccup in the previous session and formed a bullish candle on the daily chart with a long lower shadow.
“The rally in the domestic market was led by positive cues from global peers, strong buying in metal stocks and recovery in the banking sector. Metal stocks outshone other sectoral indices on reports of a possible price hike. PSU banks were also in focus today as the government announced capital infusion of Rs 14,500 crore in four PSU banks,” said Vinod Nair, Head of Research at Geojit Financial Services. ....

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