The Nifty50 remained volatile during the budget week, closing at 21854 with a weekly gain of 501 points. The weekly chart shows a bullish candle with an upper shadow, indicating profit booking near the all-time high. If the Nifty crosses 22000, it may reach 22150-22300 levels, while breaking below 21700 may lead to a decline towards 21650-21500. The RSI indicator suggests a potential positive trend change. Here are 4 trading ideas for 10-20% returns in the next 3-4 weeks: Can Fin Homes, Engineers India Ltd, Hindustan Copper Ltd, and Oriental Hotels.
The EUR/USD chart currently exhibits a bearish overall momentum, indicating a downward trend. According to the analysis, the price could potentially experience a bearish reaction off the 1st resistance level and drop to the 1st support.