Category: Index

The present momentum might be stopped by a breach of 24,500, and more profit booking towards 24,300–24,200 on the Nifty 50 during Monday’s session is possible.

As we recently observed, Nifty’s breakout over 24,400 indicated that a possible increase to 25,000 was possible. It did not, however, reach 24,850 before profit-booking took place. Despite this, IT stocks—previously headed by Reliance Industries—continue to lead the good index management. According to data, the FIIs’ long-short ratio in index futures reached a high point […]

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