Mukesh Ambani-led Reliance group’s RIL and another microcap stock performed well.
Analysts said the index needs to defend the 8,250 level to avoid further rounds of selling.
Pent-up demand and a packed line-up of movies will ensure recovery for the multiplex player.
NSE Nifty needs to respect the support at the 8,244 level, else the slide may resume.
The financial year gone by saw a stellar show by the 10 most-valued stocks.
For FY21, analysts are recommending equities, mutual funds and agri-commodities.
The overall structure shows that Nifty50 is poised to get into the sub-8,000 level.
The NSE barometer managed to break a double bottom pattern on the intraday chart.
Stocks fell on Friday after RBI Guv Shaktikanta Das refrained to offer any estimate for GDP.
The Rs 1.7 lakh crore package did not have any stimulus for the hardest-hit sectors.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon