The havoc continued in the Indian markets on Wednesday and the Nifty closed the day lower by 385 points. Now there is a higher possibility of reasonable upside bounce from the lows in the near term.
Reliance Industries is currently undergoing a corrective phase within a broader bullish structure. Now study its move in detailed technical analysis….
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Today’s stock has shown a sharp momentum revival after a prolonged corrective phase. It surged 5.94% in the latest session, while delivering 13.97% return in one week
Breakout stock for 4 March- Incorporated in 2000,Tejas Networks Ltd designs and manufactures wireline and wireless networking products, with a focus on technology, innovation and R&D.
The Nifty opened nearly 500 points lower, triggered by a global markets rout. Short-term trend remains bearish, with Nifty below all key moving averages.
Today, the benchmark indices corrected sharply. After a sharp decline, the Nifty ended 385 points lower, The current market texture is extremely volatile and is expected to remain volatile in the near future.
The USD/INR pair continues to exhibit strong bullish momentum, reflecting sustained weakness in the Indian rupee amid rising global risk aversion and geopolitical tensions.
The Indian equity market traded in a tight range, with the Nifty 50 ending marginally higher as consolidation within the 25,350–25,700 corridor continued to dictate near-term direction.
Rising geopolitical tensions in West Asia have triggered a wave of risk-off sentiment across global financial markets, dragging Asian and US equities into deep losses. Read more….
