Trading Plan: Will Nifty, Bank Nifty sustain upward momentum?
The Nifty 50 settled 203 points or 0.92 percent higher at 22,403.85, and Nifty Bank rose 290 points or 0.61 percent to 47,977.05 on Thursday
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The Nifty 50 settled 203 points or 0.92 percent higher at 22,403.85, and Nifty Bank rose 290 points or 0.61 percent to 47,977.05 on Thursday
The market sentiment seems to be positive for now. Here are some trading ideas for the near term.
India Business News: Stock market today: The Indian market has been underperforming recently, despite positive global cues. While the Dow has been on an upward trend for f
Trading around the crucial resistance zone of 16.50 to 17, a decisive close above this range can trigger a sharp rally in VIX. Above these levels, VIX could test 19.50-20 and 22.75-23 levels on the higher side.
"Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.