Unless Nifty sustains above 15,600 on a closing basis the short-term, trend remains strong and intact
With regards to the Nifty Bank index, it has again disappointed after giving a breakout on the daily chart
The derivative figures indicate that retail participation is highest in stock futures in compared to previous years
Expect Nifty bank to remain lacklustre, but the pharma index is showing positive traction. The space should be on investors radar, says Jay Purohit
Overall market breadth is positive, we may see a healthy correction of about 100-200 points but this may be seen as a buying opportunity, says Jain
Trading ideas: A move above 34,800 might bring the financials again into the trader’s radar
On Tuesday, Sensex closed at 52,773.05, up 221.52 points or 0.42%, while Nifty ended 57.40 points or 0.36% higher at 15,869.30
Shares of Gautam Adani-led power producer - Adani Power - have rallied a whopping 57% in the last four trading sessions
The financial sector is the largest constituent of all the benchmarks with weights of 38-43% in Nifty50 and BSE-30 indices
The upward trend of the markets is likely to continue from here amid a steep decline in daily Covid-19 cases and robust Q4 earnings