Live
- Raising awareness for lung health
- PKL goes international: Pro Kabaddi Melbourne Raid set to be played in Melbourne on December 28
- Telangana Government Takes Decision on Reservoir Silt Removal
- Record Cannabis Burn in Telangana: Police Destroy Goods Worth Rs. 37 Crore
- Telangana Govt. Decides to Dredge Reservoirs
- HYDRA Commissioner Visits Ameenpur Municipality
- Chandrababu announces village roads will be constructed similar to National Highways
- Realme GT 7 Pro India Launch: Battery Change, Key Features, and Specifications
- Border-Gavaskar Trophy 2024-25: Do not write off champions, says Nathon Lyon referring to Virat Kohli
- Telegram Mini-Apps Now Run in Full Screen with New Features
Nifty managed to hold 7800 level report
There is indecision in market and levels are tested and played out. Nifty managed to hold 7800 level while closed above it shredding 40 points.
There is indecision in market and levels are tested and played out. Nifty managed to hold 7800 level while closed above it shredding 40 points. Its somewhat broadening bottom pattern is seen and if we sustain 7800 on closing basis in coming trading sessions than a bounce towards 7950 cannot be ruled out. Usually in broadening pattern two bottoms and three peaks is seen. We finished 4th wave today and 7800 plays a key role.
A lot of action is happening in stock specific front as the earnings are announced. Banking sector post dismal numbers ended down on correction and saw a deep cut while Metal, auto and energy were only supportive index. HDFC posted nice numbers among housing space and it would be interesting to see other housing companies result. Focus should still be towards agricultural stocks and fertilizer stocks. Sugar space saw renewed buying but have seen stretched rally so should be avoided
By Mustafa Nadeem CEO, Epic Research
