Technical View: Nifty may consolidate further with support at 22,000 mark
Mon, Feb 26, 2024 5:03 PM

Technical View: Nifty may consolidate further with support at 22,000 mark

A Flip by Shubhangi Gupta
Get it on Google Play
Benchmark Nifty 50 saw some more profit booking amid consolidation and closed four-tenth of a percent lower on February 26, after hitting a historic high in previous week. The ongoing consolidation is likely to continue in the coming sessions too, with the psychological 22,000 mark likely acting as an immediate support, followed by 21,900 as a crucial support, which coincides with 21-day EMA.

More great flips

Treasuries Trim Weekly Loss With Focus on Data and Fed Speakers

Treasuries Trim Weekly Loss With Focus on Data and Fed Speakers

Treasuries edged higher, paring their weekly decline as traders turned their focus from Donald Trump’s US election victory to the latest economic data prints and Federal Reserve speakers. The yield on the 10-year note slipped for a second day, leaving it up about 12 basis points in the week. Investors will get more clues about the scope for Fed easing with US retail sales numbers due later Friday.

Open Flip
Health Stocks Slide as Trump Picks Vaccine Skeptic Kennedy

Health Stocks Slide as Trump Picks Vaccine Skeptic Kennedy

Pharmaceutical stocks decline as President-elect Donald Trump taps Robert F. Kennedy Jr., a vaccine skeptic, to run the Department of Health and Human Services, sparking concerns over the industry's future. Vaccine makers Sanofi and GSK plunge over 4%, while US-listed Moderna, Pfizer, and Novavax also fall.

Open Flip
XRP Jumps 17% Outperforms Rest of the Market as Rally Cools

XRP Jumps 17% Outperforms Rest of the Market as Rally Cools

Bitcoin fell to $88,000 from a peak of $93,000 leading to $120 million in liquidations. The market is now pricing in a 66% chance of a 25 basis point cut in the December FOMC meeting, down from Thursday’s 83%. XRP zoomed 17% in the past 24 hours to beat gains in bitcoin {{BTC}] and majors, as shifting U.S. regulatory climate supported growth in tokens previously hampered by SEC's actions.

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