Markets enter bullpen: Aim at swinging for the fences
Just when it looked like the benchmark National Stock Exchange Nifty would breach 20,000, the index saw a pullback to the 19,560 level amid selling by foreign portfolio investors. Analysts say the index will find it challenging to surpass 20,000 quickly and could consolidate around current levels. Riches Vanara, technical and derivatives analyst at StoxBox, says the Nifty has found support around its 20-day simple moving average of approximately 19,577. As long as it holds above this level, the bullish strength is intact, he adds. On Friday,
First Published: Jul 31 2023 | 6:15 AM IST