Glitch at CDSL trips investors' exit plans
Stock market hits record highs but clients face trading issues due to CDSL system failure with TPIN authorization for selling shares.
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Stock market hits record highs but clients face trading issues due to CDSL system failure with TPIN authorization for selling shares.
The 23,000 level is expected to play a key role in the Nifty's further direction, and sustaining this level can take the index towards the upper band of the Rising Channel (i.e., 23,100-23,200), followed by 23,500, with support at 22,800.
Short-term traders can look to buy the stock for a target of Rs 2,380 in the next 1-2 months, suggest experts. The price fluctuations seen in the CDSL stock price resulted in the formation of an Ascending Triangle on the daily charts. The resistance was seen around Rs 2,000-2,050 levels.
Padala Subbi Reddy, the outgoing chief executive of India's largest commodities derivatives exchange, recalls a rather turbulent phase for the bourse as it scrambled to transition its technology vendor amid the pandemic lockdowns
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