Day Trad­ing Guide

The Economic Times - - Smart -

The in­dex has en­tered a con­sol­i­da­tion phase to work off the over­bought con­di­tions de­vel­oped post the strong gains in March. Go­ing for­ward, we ex­pect the Nifty to os­cil­late be­tween the broad range of 7400 and 7800 lev­els in the com­ing weeks. While stock-spe­cific ac­tiv­ity will re­main in fo­cus at the on­set of the quar­terly re­sults sea­son. We be­lieve the cur­rent breather will lead to higher bot­tom for­ma­tion above the el­e­vated sup­port base of 7400 re­gion.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.