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Sobha ended at new closing high after break out of downward sloping resistance trendline, and formed long bullish candlestick pattern on the daily timeframe with above average volumes.
Despite higher returns, PSU stocks are still available at a lower valuation, says Shailesh Saraf, who is the managing director and fund manager at Dynamic Equities
Traders are advised to remain cautious till Nifty closes above 22,300 levels.
Optimism abounds!Enthusiasm for everything related to artificial intelligence (AI) drove a global stock market rally last week. Equity markets in the United States, Europe, and Japan hit all-time highs after a leading chipmaker reported better-than-expected earnings and an extraordinary surge in demand for its artificial intelligence-targeted processors, wrote Rita Nazareth
On the domestic front, if the markets start to believe that there is an increased possibility of a lack of policy continuity, then the markets could correct, says Nishit Master while pointing out towards the risk factor.