Nifty needs to cross over 22,100 to witness a clear rally towards the all-time high of 22,525, says Rupak De, Senior Technical Analyst, LKP Securities.
staff reporterraipur, customs department, under ministry of finance’s department of indirect taxes and customs (cbic), disposed off 40.86 lakh sticks of smuggled foreign-origin cigarettes, cigars
Nifty found support at the 20DMA for the second day in a row, on Friday. The trend could weaken if it decisively drops below 21,690. A decisive fall below 21,690 may trigger a correction towards 21,500, says Rupak De, Senior Technical Analyst, LKP Securities.
As elevated valuations cap the upside in the broader market, smallcap rally was subdued but steady with 52 stocks gaining in double digits during the week. Mid and smallcaps had witnessed strong rallies over the past few months thus making valuations a little stretched.