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On Tuesday, Nearly 160 companies will be announcing their December quarter earnings including the likes of Britannia Industries and FSN E-Commerce Ventures which operates Nykaa brand.
Nifty on Wednesday ended 74 points higher to take support near 20-DMA and form a Bullish Piercing candlestick pattern on the daily chart, suggesting potential bullish momentum.
Nifty on Thursday ended 141 points higher to form an Inside Bar candle on the daily chart.
Top Gainers and Losers Today : The Sensex gained 492.75 points, or 0.74, to settle at 66988.44, while the Nifty gained 134.75 points, or 0.67, to close at 20133.15.
Given the formation of a bullish candlestick pattern for the second straight week, and staying above the downward sloping resistance trendline, the Nifty50 may sustain the upward bias amid consolidation and any dips would be a buying opportunity