Nifty: Profit booking could weigh on Nifty - The Economic Times
According to analysts, profit-taking may resume until the index decisively reclaims 22,200.
Source: indiatimes.com
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nifty outlook: Worst not over! Nifty around 19K would be a good point to relook again: Andrew Holland
“We like defence and renewables but they have had a great run. Any correction in markets will bring some of these stock prices to more palatable levels in terms of dipping our toes again. So, there is nothing really I want to be jumping into right now because markets are still looking overbought despite the recent correction.”
Source: indiatimes.com
Nifty sees profit booking after 8-day rally; 18,900 a key hurdle, say analysts
Nifty showed the first sign of profit booking when prices slipped below 19,800 level, with a bearish candle on the daily chart. The index has completed the Bearish Crab harmonic pattern at 18,887.60 level.
Source: businesstoday.in
Nifty: Tech View: Nifty's march into the overbought zone calls for caution
Analysts said certain technical indicators continue to remain in the overbought territory and the broader market sentiment has not seen any recovery, with only two stocks falling for every one that rose. Some caution is warranted, they said.
Source: indiatimes.com
Nifty: Tech View: Nifty50 forms bullish candle, eyes the 16,400 level
Analysts see more upside for the index in the coming days, but a pause cannot be ruled out in the 16,400-16,475 range.
Source: indiatimes.com