Nifty Bank not only outperformed the benchmarks, but also managed to clear the hurdle of 39,000.
Long term investors should wait for more corrections to enter or just buy some laggards like ITC for some value buying
The lower end of the rising channel acted as support for the Nifty. Now, the index is very much close to the milestone of 18,000.
Reliance Industries which is seeing a downtick at the moment, can be seen as a good point for long term investors.
A temporary breather after ~8% rally over the past four weeks would present an incremental buying opportunity to build a quality portfolio.
The VIX suggests that the consolidation phase is about to end and markets might turn volatile going ahead
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