Description
In this week’s Market Pulse video, Mr Kunal Shah takes us through the latest technical and derivative performance indicators in the Indian stock market.
Nifty has been taking support from the 200 WEMA for the last four weeks and is currently stuck in a broad range between 22,372 and 23,150. A breakout above 23,150 could trigger short covering towards 23,500 and 23,750.
Top Sectors for the Week: Pharma and Infra. Top Picks for the Week: Pharma: Torrent Pharma and Glenmark; Infra: Bharti Airtel and Power Grid. Will Nifty break past the 23,150 resistance in the coming weeks? Let us know your views in the comments section.
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