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Market Cues

Technical View: Nifty forms ‘Doji’ for 2nd day; trade with a stop below 10,260

The Nifty50 witnessed wild swings throughout the trading session on Wednesday but bulls finally managed to retain their hold.

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Technical View: Nifty forms small bodied candle; keep a stop below 10260 for long positions

The Nifty50 which opened at 10,358 rose marginally to intraday high of 10,368.45 before closing the day just above its crucial psychological support level of 10,300 at 10,308.

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Week Ahead: Earnings to be major driver for Street; Factors to keep an eye on

The market set a fresh record closing high on Friday, driven by a further rally in banks in late trade, especially after PNB reported strong earnings and asset quality improvement.

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Technical View: Nifty forms bullish candle; next target seen around 10600

The Nifty50 which started with a gap on the higher side on Wednesday held on to momentum and hit a fresh record high of 10,451.65.

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