Nifty gives up key support level. What traders should do on Wednesday?
Tue, Mar 19, 2024 6:51 PM

Nifty gives up key support level. What traders should do on Wednesday?

A Flip by Shubhangi Gupta
Get it on Google Play
Nifty on Tuesday ended 238 points lower to sneak below its 50-DEMA for the first time in the last four months and form a long bear candle on the daily chart. The overall chart pattern of Nifty is weak. The next lower levels to be watched are around 21,500 in the next one week. Any rise up to 22,000 could be a sell-on-rise opportunity, Nagaraj Shetti of HDFC Securities said.

More great flips

Motilal Oswal maintains 'Buy' on Raymond Lifestyle with target price of 3k

Motilal Oswal maintains 'Buy' on Raymond Lifestyle with target price of 3k

Motilal Oswal Financial Services has reiterated its 'Buy' recommendation on Raymond Lifestyle Ltd., maintaining a target price of Rs 3,000 per share, driven by a positive demand environment and growth prospects, with expectations of 12-14% revenue growth and 15-18% increase in EBITDA and PAT in the medium term.

Open Flip
Anand Shah’s 2025 market outlook and the sectors he’s betting on

Anand Shah’s 2025 market outlook and the sectors he’s betting on

Anand Shah, Head of PMS and AIF Investments at ICICI Prudential AMC, predicts a cautious 2025 for the Indian market, with slower earnings growth due to global and domestic slowdowns, but remains optimistic about the banking, manufacturing, and select consumption sectors, such as telecom, airlines, and healthcare.

Open Flip
D-Street small stocks reap big gains for investors in 2024

D-Street small stocks reap big gains for investors in 2024

Dalal Street's midcap and smallcap stocks gave high returns in 2024. Strong domestic consumption, government policies, and impressive retail participation boosted these indices. While the Sensex showed moderate growth, smaller stocks thrived. Experts are optimistic about midcaps and small-caps in 2025, anticipating continued government support and economic recovery.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon