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RBI MPC meeting: In the short term, Bank Nifty may encounter volatility; a breakout above 47,200 could propel the index towards 48,000. On the downside, support is positioned at 46,800.

The decline in oil prices is expected to provide a boost to the Indian equity market, especially the sectors that use crude oil as raw material. Conversely, some sectors can plummet, say analysts. A look at the sectors that would be impacted the most.

The Secretary to the Ogun State Government, Tokunbo Talabi, described to Okubadejo as an “embodiment of consultation and a seasoned veteran”.

The quick momentum build-up, long build-up according to derivatives data, and lack of significant negative news flows all point to the bullish momentum, likely continuing in the future. The markets appear to have factored in inflationary worries and rate increases for the foreseeable future.

Markets will be influenced by global sentiments, and concerns with regard to rising crude price and weakening Rupee when they reopen next week. All in all, we will witness heightened volatility in coming weeks, so investors need to be prepared for the same.

"Profit-booking was observed in August, with the bears dominating the market. Following the stunning run in recent months, the majority of short-term technical indicators had previously indicated that the markets will experience a period of momentum loss and exhaustion. As a result, it did not come as a surprise to investors looking for ways to profit from the upswing."

Reliance AGM 2023: Indian stock market expect announcements on Reliance Retail IPO, Reliance Jio IPO, launch of 5G devices at reasonable price and more on Monday next week

Adani Power shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) and Mondays move has taken the stock into an overbought zone. The days RSI and MFI stood at 78 for both indicators, as per data available on Trendlyne.

On the top of the list is Apar Industries, which has seen its EPS rise from 41.94 in FY21 to 67.08 in FY22 and to a further 166.64 in FY23.

Technically, the markets needed a correction, and it appears that in the upcoming week, the support zone between 19,100 and 19,200 would be important to watch out for Nifty. A zone of resistance would continue to exist between 19,500 and 19,600 on the upswing. Being ready for a turbulent trading week, especially with the technical indicators also pointing in that direction.