Home » » Nifty could surge another 5% if it tops 11,000

Nifty could surge another 5% if it tops 11,000

By  July 20, 2020  No comments
Technical analysts believe the Nifty is poised to move up by 2-5 per cent immediately after it manages to cross 11,000. Traders should, however, stay away from aggressive bets as the market looks overbought with the index gaining 45 per cent from the four year low of 7,511 on March 23.

from Stocks-Markets-Economic Times https://ift.tt/2WBcpi2

Related Posts:

  • Authum tops in Reliance Home Finance bidsThe voting for the best bid and resolution plan for RHF among the lenders concluded on Wednesday. Unlike other large debt resolutions, RHF is being restructured under the June 7, 2019 circular that provides a framework outsid… Read More
  • ENIL operating revenue rises 17% to Rs 99 cr in Q4The company posted earnings before interest, tax, depreciation and amortisation of Rs 24 crore for the quarter and Rs 16.3 crore for the fiscal year. ENIL said its cost-cutting initiatives continued to yield savings, with oth… Read More
  • JAL lenders make fresh loan recast bidEven as lenders deliberate are structuring, the company’s stock has been on fire in recent days, surging almost 70% from Rs 8.86 on May 31 to nearly Rs 15, when it again hit the upper circuit on the BSE. Volumes too have shot… Read More
  • 15 banks join to process local LCs on blockchain​Bankers said that the new system will verify data using invoices on goods and services tax (GST) and e-way bills which will quicken transactions and also eliminate risk of frauds. from Stocks-Markets-Economic Times https://… Read More
  • NCLT doubts Videocon’s sale remained confidentialThe court also compared the 99.3% haircut that the operational creditors had to take with a “tonsure” or “total shave”. In its order, the NCLT requested lenders and the buyer to pay more to operational creditors, especially t… Read More

0 Comments:

Post a Comment