Rajesh Palviya, Axis Securities, shared his outlook on the markets and trading strategies amid heightened volatility. He noted that uncertainty stemming from global cues, particularly comments from US President Trump, has kept investors cautious despite several reform-driven announcements from the Indian government. According to him, the Nifty has breached crucial support zones, specifically the 61%…
Indian equities may extend their upward momentum next week, with Nifty heading towards 25,300 and Bank Nifty likely attempting 55,200, said Rajesh Palviya, Senior VP – Technical and Derivatives Research at Axis Securities. “Nifty managed to give a breakout of the falling trend line on the daily chart and comfortably holding above all its near-term,…
The Indian equity benchmarks paused their recent rally last week, with the Nifty ending just above the psychological 25,000 mark. However, the momentum indicators favour the bullish setup next week, according to analysts. While the headline indices showed signs of mild pressure, the broader markets outperformed significantly. The BSE Midcap index gained 0.8 per cent,…