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Trade setup: Nifty key resistance seen at 14,690 and 14,770 levels; stay stock-specific SECTIONS Trade setup: Nifty key resistance seen at 14,690 and 14,770 levels; stay stock-specificET CONTRIBUTORS Last Updated: May 03, 2021, 08:21 PM IST Share Synopsis The pattern analysis shows that the Nifty may stay well within the falling channel that it has created after forming the lifetime high point of 15,431. Getty Images Related Much on the anticipated lines, the Indian equities put up a highly resilient show. Even though it ended lower, it recouped all its losses to end on a flat note. Following...

Tuesday is likely to see a tepid start to the day. The levels of 14,700 and 14,765 will act as resistance points; the supports will come in at 14,600 and 14,500 levels.

In a very measured move, Nifty moved in a defined range before ending Wednesday’s session with a modest gain as the weekly options expired. The market saw a gap-up start once again, but Nifty formed an intraday high in the early minutes of the session. After that, Nifty gradually pared most of the gains by afternoon. In the second half, the market saw some recovery, but Nifty moved in a defined range and the upside remained capped. With no major directional move on any side, the headline index finally ended the session with a gain of 76.40 points, or 0.51 per cent.

Asian equities started trading on a negative note taking cues from Wall Street. Despite this, India’s Nifty Index has been the best performer since the start of the year with 9 percent gain. 

Trade setup for Tuesday: Top 15 things to know before Opening Bell The next upside levels to watch out for is around 15,500 in the next few sessions, and immediate support is placed at 15,200, said Nagaraj Shetti of HDFC Securities. Sunil Shankar Matkar February 16, 2021 / 11:01 AM IST The market extended last week's rally and ended at a fresh record closing high on February 15, with the Nifty50 climbing 15,300 mark and the S&P BSE Sensex 52,000 levels for the first time. The rally was led by banking and financials and positive global cues. The...