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Amara Raja Energy formed robust bullish candlestick pattern on the daily charts. The trading volumes remained strong for last five days, while the stock traded well above all key moving averages.
There is a lot going on in the world that could affect the value of financial markets – wars, tensions between major powers, a strong dollar, and rising oil prices – just to name a few. Last week, it was Federal Reserve policy. The possibility that the Fed might keep
Any level above 22,400 could push Nifty towards new all-time high and beyond.
Valuations in the largecap IT space remain expensive against their pre-COVID levels and the big names are still a few quarters away from turning a corner, says Hemang Kapasi.
Experts say 22,300 is expected to be crucial hurdle for further upside in the Nifty 50 as the closing above can lift the index towards 22,500 mark