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Nifty In Technical Charts: Look Before You Leap
Stock-specific nature of the move will drive the market trends. It will, therefore, be a time to pick and choose.
21 Jan 2024, 11:31 AM IST
Markets ran a scare in the week just ended, as HDFC Bank results disappointed and the Nifty suffered one of its worst declines in two years. People were running all over exiting long positions as commentators were being dire over the television. Two days of gap-down moves scared the hell out of bulls and they appear to have abandoned a lot of longs, helping to create a rally on Friday.Was so much action warranted? For those where a 5...
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