Quote on Market movement Mr. Akshay Chinchalkar, Head of Research, Axis Securities
Below The Quote on Market movement Mr. Akshay Chinchalkar, Head of Research, Axis Securities
“The Nifty ended 74 points lower yesterday and finished below 25,000, but the odds are high this is a result of people taking profits after Thursday's jump. Such stalls are often seen after big up-moves, but as long as this dip does not take us below the 24753 to 24860, dip buying should emerge. Global cues remain positive, with the S&P ending higher for the sixth straight day yesterday, which was the fifth time it has done that since the early April tariff-led lows. Speaking of seasonality, the current week has seen the nifty advance in 90% of instances over the last decade, so that's another tailwind.”
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