Tag: Coming

[ad_1] “I am extremely positive on the market at least for the very near term. The base has definitely increased from 15700 to 16000. nifty,” Told Kunal Bothra, kunalbothra.co.in, Edited excerpt: bank nifty There was a strong return and there was short covering for many different stocks. The biggest positive sign was that many large cap names like L&T managed to do really well. Going forward, what areas are you eyeing that could be the next movers in line?I think in the past week we have seen phenomenal improvement in…

[ad_1] “Market breadth is improving significantly but I believe it will take some more time for us to break above 15700 especially on the index front.” Kunal Bothra said, kunalbothra.co.in, Edited excerpt: As far as the market setup is concerned, 15,700 is what we have managed to maintain. Is the risk reward favorable for the next week up or down? Now setup for indices indicates consolidation at 15700 mark. It took a long time for the market to break below that 15700-15750 support area over the last three months, when…