Nifty has broken crucial resistance levels of 18,800, leading to a bullish market. Writers of call options have been covering their positions, indicating a positive sentiment. The Nifty being above 18,800 and its moving averages below its current value support the bullish outlook. On the other hand, Bank Nifty has been weaker compared to the Nifty, with a support level at 43,700 and resistance level at 44,250. Nifty IT underperformed due to TCS’s weakness, while Nifty Realty reached new highs, indicating a positive trend. Two top ideas include Bharat Forge and RITES for buying opportunities.
Subscribe To Our Free Newsletter |