Indices Looking Towards The Union Budget 2023 Amid Volatility? Decoding The Trade Set-Up For Today
Автор: CNBC-TV18
Загружено: 2023-01-30
Просмотров: 434
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The market ended a volatile session on a positive note on Monday after a day of carnage, backed by technology and select banking & financial services stocks. Overall the market remains cautious ahead of Union Budget and FOMC meeting outcome later this week.
The BSE Sensex climbed 170 points to 59,500, while the Nifty50 rose 45 points to 17,649 and formed a bullish candle on the daily charts with upper and lower shadows indicating high volatility in the market. The index has defended 50 WEMA (17,400) as well as 200 DEMA (17,550), which can be crucial support going forward.
Meanwhile, SGX Nifty was trading in green, indicating positive start for Sensex and Nifty.
Here's the trade set-up for today.
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