Momentum continues to remain strong on the day time frame and from the lower time frame charts it seems that today’s decline is just a one day correction within an ongoing rally: Experts
Fresh tensions in the middle east and expectation of increase in demand of crude oil are also currently providing support to the crude oil prices.
Fuel prices touch fresh record highs. In many cities petrol prices have touched the record Rs 100 mark
Market experts believe the Nifty is in a convincing buy mode and the rally can be extended further. For traders, they advise avoiding short selling in a vibrant bull market.
Reiterating on the relative strength of India with other nations with respect to handling of the Covid crisis, Ashishkumar Chauhan has said it has been proved over the last one year alone that India is not as poor as it is made out to be and they are not as rich as we make them out to be
Nifty is expected to carry forward its gains
In an exclusive interview with Money9. Sharma said those who have not participated in the rally yet, should not feel despondent and they have 'missed nothing'.
Traders can go for buy in gold at Rs 47,300 levels with the stoploss of Rs 47,000 levels and for the target of Rs 48,000 levels: Anuj Gupta, Angel commodities
Benchmark equity indices BSE Sensex and NSE Nifty opened higher on February 12 following heavy buying in IT and banking majors.
Market experts believe the Nifty is likely to stay rangebound unless there is a decisive breakout above 15,250