are in continuation of an uptrend. For the Nifty, immediate target is seen at 13,590, which happens to be the 123.6 per cent retracement of the entire fall seen from 12,430 (Jan 2020 Top) to 7,511(March 2020 Bottom). The far target is seen at 14,300-odd levels, where 138.2 per cent retracement levels are placed. As far as support is concerned, 13,145 is a crucial level to watch out for.
The stock price as broken out from last three weeks of consolidation. It surged over 3 per cent on December 7 with significant jump in volumes. Asset management companies have started getting traction recently. Short-term moving averages have crossed over medium-to-long term moving averages in the recent past. Stock price has reclaimed a level above its 200-day EMA.