|
Indian markets closed marginally lower on Tuesday. The Nifty formed a bearish head and shoulder pattern, suggesting potential downside to 22,000. 24,500-24,700 is a strong resistance zone. Metals, telecom, and IT stocks gained, while healthcare, energy, oil & gas, auto, and utilities declined. HDFC Bank, Praj Industries, and Kaynes Technology hit new highs.
Category:
News and Media
Nifty opened higher but closed lower, forming a bearish belt hold pattern. The 21-day DEMA at 24,070 is immediate support, while 24,350 is resistance. The short-term trend is up, but a breakout above 24,350 is needed for further upside. Highest OI on the call side is at 24,200 and 24,250, and on the put side, it's at 22,200 and 24,150.
Category:
News and Media
The revision reflects macroeconomic challenges such as persistent inflation, weak urban demand, and revised EPS projections for FY2527, according to the brokerage.
Category:
News and Media
All news |
||||||||||||||||||
|