As long as the Nifty 50 stays above 23,600, the upward journey toward the 23,800-24,000 zone is likely. However, below 23,600, consolidation may be seen, with support at 23,400, experts said.
The Nifty remained mostly sideways during the session before closing slightly lower. On the lower end, the fall was limited to around 23,700, while the upside was capped at approximately 23,800.
The NIFTY 50 India daily chart, based on Elliott Wave Theory, indicates a bullish trend in an impulsive mode. The current wave structure focuses on Navy Blue Wave 1, which has recently started, ...
Budget Day sees flat performance for Sensex and Nifty, with specific stock recommendations for Tata Consumer, Eicher Motors, Macrotech Developers, and Havells India.