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Traders eye Nifty break-out
The Nifty50 rose 0.3 per cent last week to finish at 15,752. Technical analysts say a 150- or 200-point move in either direction can set the tone for the market. “The immediate support for the Nifty is placed in the range of 15,700-15,650, while resistance is seen around 15,900. A breakout beyond this range is required for the next directional move,” said Ruchit Jain, lead research, 5paisa.com. He noted if the Nifty manages to breach 15,900, the index may head towards “retracement resistances of 16,000 and 16,180”.
More steam left in ITC
Shares of ITC jumped 4
