Comments
The expected fall to 21,000 on the #nifty50 did not happen last week. On the contrary the #nifty has found support around 21,500 and risen to 22,000. Crucial resistances are coming up for both the #nifty and #niftybank index which will need a close watch this week. Whether they manage to surpass this hurdle or not will determine the next move.
#Nifty has an important resistance at 22,150. A break above it can take the #Nifty up to 22,500-22,700. On the other hand, a turnaround from 22,150 can take the #Nifty down to 21,500 again. It will also keep alive the chances of seeing 21,000 on the downside.
#NiftyBank index has a crucial resistance at 47,200. A break above it can take the #niftybankindex up to 49,000. Failure to rise past 47,200 can drag the index down to 45,000 again.
#DowJones is stuck in a sideways range. There is room to test 39,400 on the upside before a strong reversal to 37,000 happens.
BL Portfolio: https://www.thehindubusinessline.com/portfolio/
Write to the following email ids for any queries on
1) Futures & Options (F&O) : derivatives@thehindu.co.in
2) Technical outlook on the specific stocks: techtrail@thehindu.co.in
3) Mutual Funds: mf@thehindu.co.in
4) Investments, Personal finance: blportfolio@thehindu.co.in
SOCIAL MEDIA HANDLES
Facebook - Blportfolio
https://www.facebook.com/profile.php?id=100086211032670
LinkedIn - BL Portfolio
https://www.linkedin.com/in/bl-portfolio-314bb2220
Twitter - @BlPortfolio
https://twitter.com/BlPortfolio?t=B3zkMfwKIMuoHWBWJfoZ3w&s=09
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.