NEW DELHI: After a rangebound session, Nifty50 managed to eke out gains and formed an Inside Bar pattern. It is a two-day price pattern that occurs when the second day’s movement has a range that is completely inside the first day’s price range.
Nifty gained 45.70 points, or 0.31 per cent, to 14,683. During the session, the index moved in a range of 205 points, suggesting volatility in the market.
“Nifty’s short-term trend remains rangebound. The market is witnessing an alternating ups and downs movement over the past four sessions. The current setup shows one may expect Nifty to retest the crucial overhead resistance around 14,880 level in the short term, before seeing another round of weakness from the highs,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
India s biggest brokerage projecting sharp drop in trading volumes, revenue this year indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Dimensions Corporate Finance. The news on the medical front is not great. Do you expect markets to repeat what happened last year or could this time the reaction would be more mature?
What you did in March last year decided whether you made a fortune or lost one. I think investors are cautious about committing fresh capital. Coming to the health crisis, people have been very stupid in terms of not sticking to the norms but look at the election rallies! During Maha Kumbh, I was there in Uttarakhand. It was an absolute disaster waiting to happen! So caution is warranted and more than selling, we are seeing caution on committing fresh capital. Also the core industries’ numbers were very sobering. They were much below our expectations and came in negative. At the end of the day, the government is taxing you much more and giving you a lot less in return. Therefore, net-net, the wealth of a large part of the citizens of this country is going to erode. The top 5% or 2% or one whatever
Mega deal wins? Margin squeeze? What to expect in Q4 IT earnings
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Synopsis TCS will come out with its March quarter numbers on April 12, followed by Infosys on April 14, and Wipro and Mindtree on April 15.
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NEW DELHI: Buoyed by large deals and digital growth, information technology (IT) companies are expected to deliver another superb quarter for the January-March period, project analysts. However, margins could come under pressure due to increased employee cost.
IT companies are usually the first to report quarterly numbers. TCS will come out with its March quarter numbers on April 12, followed by Infosys on April 14, and Wipro and Mindtree on April 15.