India’s benchmark index Nifty ended Diwali commerce on a robust observe, powered by a stellar present from index heavyweight Reliance Industries (RIL). It scaled a contemporary 52-week highs in at the moment’s session. The market began with a gap-up and remained unstable all through the day.
Commenting on the day’s motion, Rupak De, Senior Technical Analyst at LKP Securities, mentioned that although Nifty touched a excessive of 25,926, there was some profit-taking at larger ranges. The general sentiment is prone to stay sturdy, with the potential to achieve 26,000–26,200 within the quick time period. “The technical setup stays optimistic so long as the index stays above 25,700, beneath which it might transfer again into consolidation,” De added.
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