Nifty crosses 50-DMA hurdle; CLSA analyst sees index at 18,200 next month
“This complete dominance of DIIs over FIIs is triggering short covering too. Good Q2 results are imparting resilience in segments like IT and financials. The festive mood is another positive. However, high global inflation and tightening central banks pose headwinds to the rally,” Vijayakumar said.
