Nifty50's sentiment remains bullish; buy the dips? Here's what analysts say

Quick Summary:

Instead, traders should focus on buying on dips or near the identified support levels.

Given the overall bullish trend in the short term, it is not advisable to short-sell at resistance levels.

Until such a breakout occurs, the most effective trading strategy is to buy near the support levels and book profits near the resistance levels.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Bse Stock call Nifty chart analysis Technical charts Nifty mid select index Nse Technical analysis Nifty charts Nifty 50 Tech calls Outlook

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-12 @ 06:45:15 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 22023628

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 181 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

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Publisher ID: #49

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