Trade setup for Monday: 15 things to know before opening bell
A long build-up was seen in 69 stocks, which included Hindustan Copper, Alkem Laboratories, Cummins India, Torrent Pharmaceuticals, and Atul.
Stay updated with breaking news from Nifty Strategy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A long build-up was seen in 69 stocks, which included Hindustan Copper, Alkem Laboratories, Cummins India, Torrent Pharmaceuticals, and Atul.
The Nifty Private Bank index climbed 2.09 percent in the past week. However, on a year-to-date (YTD) basis, the index is down 5.07 percent. Some signs of short covering were seen on the day before the presentation of the budget.
Brokerage house B&K Securities sees an around 10 percent upside potential in benchmark Nifty in the next 12 months but flows could take the Nifty much higher
The monthly options data indicated that 19,800-20,000 is the crucial resistance area for the Nifty50, with support at 19,600-19,500 levels
The weekly Options data indicated that 19,900-20,000 can be immediate resistance for the Nifty50, with crucial support at 19,500