Nifty Private Bank index faces resistance, sideways trend in focus The Nifty Private Bank index (last close: 23,415.70) is currently encountering a near-term challenge with significant resistance expected in the range of 23,550 to 23,650 on a closing basis. Only if the index manages to breach this range, the next resistance level of 23,900 may… Continue reading Sideways trend in Nifty FMCG, Private Bank index; Check key levels to watch
Tag: Trend
Power stocks may surge up to 12% on robust trend
Shares of power sector displayed a robust momentum on Tuesday, with NTPC hitting a new historic peak and Orient Green Power Company surging 14 per cent. Similarly, Jaiprakash Power, Urja Global and RattanIndia Power gained over 6 per cent, respectively. So far this year, NTPC has soared 36 per cent, Torrent Power zoomed… Continue reading Power stocks may surge up to 12% on robust trend
Trend bullish for Nifty50, Bank Nifty indices; buy near support levels
The Nifty Index, presently trading at 19,646.05, is displaying a bullish trend on charts. Despite the recent weakness, the index has managed to find support near the 20-day Exponential Moving Average (20DEMA) at 19,575. This support level is crucial for traders to monitor, as a close below it could trigger further correction in the near… Continue reading Trend bullish for Nifty50, Bank Nifty indices; buy near support levels