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Nifty Auto, Energy indices: Buy on dips suggested; check key levels here

Business Standard LogoBusiness Standard7h ago

Nifty Auto, Energy indices: Buy on dips suggested; check key levels here - Business Standard

Quick Summary:

The Nifty Auto Index is currently positioned at a key juncture on the charts, presenting an opportunity for traders to buy on dips.

The consolidation at these lower levels indicates that the index could soon break out of this range, and a rally may follow.

Given the oversold conditions on technical indicators, this index holds potential for a positive move in the near term.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 06:57:21 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 524 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23095798

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 305 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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