The RBI also clarified that the G-SAP will run alongside other instruments of the RBI, ie, longer-term repo/reverse repo auctions, forex operations, operation twist, and other OMOs (open market operat
Wednesday is an important day for the market and a level based trading approach should be followed. For the Bank-Nifty, 32250 and 32700 should be the trading range
On a weekly chart, the market has managed to regain the levels of 14750, which is positive in the short term that would help the market to move beyond 14900 levels.
FII pulling out may be short term effects, however, the markets have learnt to live with this volatility over the longer term and do not see any reason to worry.
With a flurry of IPOs in March, it has been a busy month for Dalal Street. But while some initial public offerings brought in listing gains bonanza for investors, others disappointed the allottees.
Generally, we gravitate towards debt investments to give our portfolio protection and towards equity investment to generate compelling long-term returns.
The medium-term uptrend in Nifty as per the weekly timeframe chart is intact and we observe a formation of a larger degree of higher tops and bottoms over the last many months.
As long as Nifty sustains above 15000 levels, there is a possibility of an upside bounce from the lower levels by forming a new higher low of the sequence.
The Nifty has convincingly reversed the recent downtrend by moving up from a trend line support and convincingly closing above the 50 day SMA last Monday on the back of the Budget.