“With the end of the election phase approaching and the verdict nearing, volatility is likely to stay highNagpur Stock. Therefore, traders should avoid complacent bets and prioritise regularly booking profitsNew Delhi Wealth Management. Additionally, monitoring global developments is crucial, as any issues could potentially impact the recent run, says Rajesh Bhosale, Technical Analyst, Angel One.
Echoing the same, Vinod Nair, Head of Research, Geojit Financial Services, says, “As the general election approaches its final stages, volatility is anticipated to remain elevated. However, despite the ongoing volatility, the market has nearly recouped the losses from the previous peak. Metal stocks saw an uptick, propelled by increasing commodity prices, while the midcap index touched a new high.”
Rupak De, Senior Technical Analyst, LKP Securities, says the Nifty index remained within the range of 22,400 and 22,600. “Strong put writing at 22,400 and 22,500 might provide support to the Nifty. On the higher end, a decisive move above 22,600 might induce a rally towards 22,800 in the near term. Till then the index might continue consolidating as long as it remains within the range of 22,400 to 22,600."
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