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Indicators and oscillators like MACD and RSI have turned bearish on the daily chart, which confirms the change in trend from bullish to bearish.
Most of the provisional numbers announced for the December quarter are indicating a positive trend as far as earnings are concerned, says Santosh Joseph, CEO and founder, Refolio Investments and Germinate Investor Services LLP
Trident extended its northward journey for sixth consecutive session. The stock has formed strong bullish candlestick pattern on the daily scale with robust volumes. In fact, the volumes remained healthy in the past four sessions.
The parameters remain overbought, with 21,800-21,850 being the immediate hurdle in Nifty, followed by 21,900-22,000 for the upcoming week.
Nifty realty has shown good rally of 130 percent since March 2023 and is currently trading near 844 levels.