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Nifty still has some upside potential to move towards 22,200-22,400, but this could be the final stage of the rally, after which we could see strong profit-taking in the market.

Sonam Srivastava says 2024 holds the potential for being a moderately positive year for the Indian equity markets.

The Nifty has just broken out from the flag pattern, and may further accelerate towards 22,118 levels. As long as it is above 21,580, buying on dips can be a prudent strategy.

Looking forward, the immediate resistance for Nifty is identified at the record high level of 21,834, with an additional resistance level at 22,000. On the downside, crucial support levels are recognized at 21,330 and 20,975.

Engineers India formed robust bullish candlestick pattern on the daily timeframe with significantly higher volumes. The rally of 10 percent was after 5-6 days of consolidation and now the stock traded above all key moving averages.

Anticipating the interim and full budget, Divam Sharma foresees a sustained emphasis on growth and infrastructure

Tata Mutual Fund is optimistic about the India story for the long term and rural is part of the India story, says Chandraprakash Padiyar.

Yes Bank has decisively surpassed the swing high of December 14, 2022 on Wednesday by forming healthy bullish candlestick pattern on the daily timeframe with strong volumes.

For those looking to buy Nifty, the recommended range is between 21,550-21,600. One can set a stop-loss at 21,480 and aim for a target of 21,750.

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.