By: Mr. Vikram Kasat, Head – Advisory, PL Capital.
“Positive Vibes For the first time since February, Nasdaq is back in positive territory for the year, as a broader market rally continued to gain steam.
There are a couple of factors that could have fueled Tuesday’s optimism, including a better-than-expected JOLTS report, retail investor buying, and the expectation that the Republican-backed tax bill could give corporate America a boost. There were no sweeping new announcements on tariffs, and at this point in the game, no news is often good news.
Nifty 24542.50
Nifty failed to break and sustain above the falling channel. Nifty is trading within the broader trading range of 24450 – 25112 Until this range decisively breaks, Nifty is likely to hover within this broader trading range.
Trading Buy: Sagility(30%+ Upside) & LICI (Target 1050) in near term”
