What a beautiful chart it is to add in bad for mid term. I am adding at CMP and will add all the dips to target 370-380 in coming months. I think less chances it drops below 260.00 but I will re-chart and update, just in case it does.
GIFT Nifty up 20 points; here's what changed for market while you were sleeping
"The escalation of US bond yields is expected to limit the influx of foreign investments into the Indian market, further impacting market dynamics," said Vinod Nair, Head of Research at Geojit Financial Services.
Akshay Bhagwat picks 2 stocks to buy now; sees quiet August series
Akshay Bhagwat of JM Financial Services, states that the key level to keep track of for a short-term trend in the market is 19,600 on the Nifty. The market should trade within a range of 19,600 to 19,850 as long as this level is sustained. In terms of stock-specific momentum, he predicts a breakout for Chambal Fertilisers and sees momentum picking up in Granules India.