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Notably, the immediate and robust support level stands at 19,800, providing a solid foundation for Nifty.

For the Nifty to gain momentum, a convincing breakthrough above 19,850-19,900 levels is required for an up move towards 20,000 and beyond

The Double Top is a bearish reversal pattern and forms after the asset (stock, index etc) hits two consecutive peak levels, with a correction in between that two peak levels (sort of M kind of formation).

New India Assurance Company has seen a decisive breakout of long downward sloping resistance trendline on the weekly charts and surpassed previous swing high of February 15, 2021.

Apart from FII flows, we have been witnessing good inflows from DIIs and rapid mobilisation of household savings that limits volatility, says Shreyas Devalkar of Axis MF.

The experts further advised to continue with the buy-on-dips strategy till the index holds 19,600-19,500 on the downside

DRIP. DRIP. DRIP. As inflation recedes, fees and charges may continue to affect the cost of some goods and services. Last summer, NPR’s Stacey Vanek Smith reported on the phenomenon after having lunch delivered.“I decided to splurge and order a burger and fries for delivery. Subtotal for my meal? $14.07.

In H2FY24, we will closely watch for volume growth across sectors, which may now be necessary as the scope of margin expansion through cost-cutting may be coming to an end, says Deepak Jasani, Head of Retail Research at HDFC Securities

Indian equities will continue to show strength on the back of strong earnings as well as easing of global macro conditions and 2024 will be a good year for the market, says Devang Mehta.

Inflation has come down while economy is showing a 3 percent+ growth. This is more like a best-case scenario for the US, says Divam Sharma.