The benchmark index Nifty 50 recorded a robust rally and ended at a new closing high of 25,791, up 375 points on September 20. The index closed above the rising resistance trendline with a positive bias in the momentum indicators, RSI and MACD, which are key drivers. As a result, the trend remains positive, and the next resistance to watch would be the 26,000 mark in the monthly F&O expiry week, but only after some consolidation, with support at 25,500, according to experts. This morning global cues are mixed as Wall Street notched a record close on Friday, but Asian markets have started the week on a negative note. The GIFT Nifty, however, is hinting at a positive start for the Indian market. Among stocks in focus, watch out for HDFC Bank, RIL, Mankind Pharma and Vodafone Idea among others. Catch Nandita Khemka in conversation with Prashant Sawant, Founder, Catalyst Wealth and Mayuresh Joshi, Head of Equity Research, William O’Neil India.
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28 сен 2024
