Avenue Supermart Share Price: Share price of Avenue Supermart falls as Nifty weakens
A total of 21,709 shares changed hands on the counter till 02:09PM (IST).
Stay updated with breaking news from Tech View. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A total of 21,709 shares changed hands on the counter till 02:09PM (IST).
The Relative Strength Index of the stock stood at 65.47 on Friday.
As of 31-Mar-2023, promoters held 63.21 per cent stake in the company, while FIIs held 23.72 per cent and domestic institutional investors had 3.88 per cent.
The Nifty index ended down 68 points after making consecutive higher highs, forming a short-term top reversal pattern. Analysts predict a range of consolidation between 18,800-18,500 and recommend holding above the 20-day moving average and support levels of 18,636 and 18,550. India VIX dropped slightly, causing premiums to squeeze, and options suggest a broader trading range of 18,450-18,900. The Bank Nifty is forecast to trend lower towards 43,000 and has breached its consolidation range of 44,000-44,500.
A total of 3,987 shares changed hands on the counter till 11:02AM (IST)