Nifty’s path to be clearer on close above 18K: Analysts

Technical analysts said a closing above 18,000 will be crucial for the Nifty to find direction in the coming days. If it stays above 18,000, the index could rise to 18,200 levels. Nifty ended up 104.85 points or 0.6% at 17,895.20 on Friday, closing the week with a 2% gain. Analysts expect the Nifty to find support in the 17,500-17,600 range. Technical and derivatives analysts advise buying stocks in autos, state-owned banks, pipe makers and hotels.

via Economictimes

No comments