Higher Highs News Today

Many crypto projects, including meme tokens, are garnering impressive attention from key players and market traders in the crypto space. 

The crypto market cap value is slowly rising to approach $1.75 trillion due to an improvement in the prices of tokens.

The total crypto market cap has declined to $1.76 trillion as the early excitement for a Bitcoin ETF approval fades off.

Sectorally, buying was seen in oil & gas, energy, metal, and auto stocks while IT, realty, and capital goods stocks saw some selling.

Titan Company has hit a fresh high while PNB and Asahi Glass have shown strong breakouts. Vidnyan Sawant of GEPL Capital sees the stocks rising further but advises maintaining a stop-loss.

Short-term traders can look to buy the stock for a possible target towards 500 levels in the next 3-4 weeks, suggest experts.

The stock witnessed a breakout from a 12-month rectangle pattern in May 2023 on the weekly charts and since then it has been trading above the upper trendline resistance placed around Rs 120 levels.

Now just when investors were getting worried about valuations, which are not dirt cheap anymore, and the fall in dividend yield to around 3% at current market prices, the bulls have found another reason to stick to their ground.

The directional bias remains strongly bullish till the time 18.600 on the Nifty50 is not violated. Before this, 19,000 followed by 18,800 are to be seen as key supports.

The overall trend looks positive for the Nifty index. We expect the index to move higher till 18,887 followed by 19,055 levels in the coming future.