Street signs: Will Nifty sustain 15,000 levels, QSRs underperform, and more

Shares of logistics major Delhivery may come under pressure on Monday as a freeze on shares allotted to anchor investors ends

Will Nifty sustain 15,000 levels?

The Nifty has broken its decisive support around 15,600 after last week’s brutal correction. Analysts say this could result in the benchmark index dropping below 15,000 levels. Since markets are already oversold, some believe there could even be a sharp reversal due to short covering. According to analysts, short-term support for the Nifty on the downside is around the 14,800-15,000 zone. On the upside, it faces resistances around the 15,500-15,750 area.

Delhivery anchor freeze to lift

Shares of logistics major Delhivery may come under pressure on Monday as a freeze on shares allotted to anchor