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Irrespective of benchmark index’s move, the IT space is likely to outperform in the near term. It has already completed its 20-month price wise as well as time wise correction phase, Sameet Chavan says.
"Dow Theory has yet to confirm a primary bull market from late 2022," Bank of America technical strategist Stephen Suttmeier said.
Nifty closed below 14000 for the first time in new year: Angel Broking
Market erased weekly gains; courtesy to brutal knock in financials : Angel Broking Posted On: Weekly Market Wrap Up by Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking): "Last Friday's weakness was carried over this Monday as well and hence, Nifty witnessed a decent corrective move on the opening day to test sub-14300 levels. However, the bulls were not ready to give up easily as they came back strong on the subsequent two sessions on the back of overall global optimism. In the process, almost all major sectoral indices registered their new record highs. Everything lo...