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Nifty: Dalal Street Week Ahead: High-beta buying to emerge only after Nifty tops 15K


In a technically important week, the equity market pulled up from the lows hit in the previous two weeks. Nifty saw a narrower trading range than the week before. The index oscillated in a 446-point range over the past five session and kept on trending on the upside.
Except for some intermittent hiccups, the market broadly edged higher. While continuing to stay within the Falling Channel and following a relatively quiet and less volatile week, the headline index ended with a net gain of 192 points, or 1.31 per cent, on a weekly basis.
Over the past sessions, Nifty violated some important rising trend line supports; this trend line was drawn from the lows of March 2020, which joined the subsequent higher bottoms. However, the price action over the past couple of days has led the index to move above this trend line again. From a technical perspective, this would be important; if Nifty stays above this rising trend line, then we may see it test the upper edge of the Falling C ....

Financial Services Indices , Realty Indices , Nifty Bank , Nifty Services Sector , Falling Channel , Relative Rotation Graphs , Nifty Metal , Smallcap Indices , Nifty Midcap , Nifty Infrastructure , Media Index , Consumption Index , Pharma Index , நிதி சேவைகள் குறியீடுகள் , ரியல்டீ குறியீடுகள் , நிஃப்டி வங்கி , நிஃப்டி சேவைகள் துறை , வீழ்ச்சி சேனல் , உறவினர் சுழற்சி வரைபடங்கள் , நிஃப்டி உலோகம் , நிஃப்டி உள்கட்டமைப்பு , மீடியா குறியீட்டு , நுகர்வு குறியீட்டு , பார்மா குறியீட்டு ,

D-Street outlook: Dalal Street week ahead: Nifty likely to walk on thin ice; FMCG, pharma giving weak vibes


The week gone by was a short and truncated one with just three working days. Nifty stayed volatile on the expected lines, and danced to the swings in bonds yield and dollar strength on the expected lines, but continued to post gains.
On the weekly chart, the index stayed very much in a defined range, as it remained inside the retracement channel that it has formed for itself. As the number of trading days was less, the index move remained limited and Nifty traded in a 265-point range.
While staying exactly in the middle of the retracement range and above the major upward rising trend line, the headline index ended with a net gain of 360 points, or 2.48 per cent on a weekly basis. ....

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