Page 5 - Sameet Chavan News Today

If the Nifty 50 climbs above 22,127, the previous record high, and sustains the level, then 22,300 could be the next hurdle on the higher side, followed by 22,500, while the immediate support will be at 21,950, followed by 21,750

There is tremendous investor confidence among domestic investors. Even when FPIs are selling occasionally, like in October and November, domestic investors are showing confidence in the market, backed by fundamentals, said Nilesh Shah, CEO, Kotak MF.

Experts expect markets to behave in a range-bound manner for the next few sessions until a clear catalyst emerges

If the momentum sustains, the Nifty can retest 22,000-22,100 soon, analysts have said. Volatility showing signs of easing

Experts believe that range-bound momentum will continue to ensue markets until Nifty breaks beyond the range of 21,500-22,100

Analysts say the market will continue to trade sideways in the near term, with the Nifty hovering within a broad range of 500-600 points

Focus shifts to Nifty’s 22k milestone, with corporate earnings and elections later in the year expected to drive the market from here

Indian headline indices, S&P BSE Sensex and Nifty Bank, traded in the green on Friday led by strong gains in bank and IT stocks. Adani Ports and Special Economic Zone, BPCL, ICICI Bank, Coal India, and Hero MotoCorps were the top gainers, while Eicher Motors, Larsen & Toubro, Maruti Suzuki, Power Grid, and Britannia Industries were the top losers. Shares of fintech major One 97 Communications, which runs Paytm, crashed another 20% after RBI barred Paytm Payments Bank from offering all ki...

Market experts maintain a bearish bias and have cautioned investors against aggressive long positions ahead of two events

Experts feel 21,000 is expected to be key to watch in the current week, which is full of events including interim budget, and FOMC meet outcome, while on the higher side, 21,500 is likely to be key hurdle, followed by the resistance of 21,700 levels.