IGI Logo

NIFTY

* Nifty began the week on a positive note, gaining nearly half a percent, extending Friday’s rally.

* Following an initial gap-up start, the Nifty traded within a narrow range throughout the session and eventually settled at the 25,103.20 level.

* We maintain our bullish outlook and recommend a focus on selective stock picking during any intermediate consolidation or dip.

* Emphasis should remain on themes and stocks where the risk-to-reward ratio continues to be favorable.

BANK NIFTY

* Bank Nifty is exhibiting robust bullish momentum, having recently achieved a new all-time high.

* The index is trading within a well-defined ascending channel, supported by key moving averages and closing above its resistance zone.

* Currently the index is trading at its fresh all-time high approaching next levels around 57500-58000.

* While at the lower end, it has support around 56600-56300.

lease refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330