Street signs: Nifty in bullish territory, HNIs look to break even, and more

Topics Street Signs | Nifty | HNIs

Nifty in bullish territory The benchmark Nifty on Friday managed to breach 10,800, its 200-day moving average (DMA), a key technical barrier it has been struggling to top. Analysts say this has given impetus to the markets and the 50-share Nifty could be headed towards 11,200 levels. “One may expect further upside in the coming sessions. The next level to be watched is around 11,250, which is an opening downside gap of March 5. Immediate support is placed at 10,850. However, having stretched its uptrend above the resistance, one needs to be cautious of longs at the highs, as there.....

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