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Technical analysis shows Nifty breaking above a crucial resistance level with strong volume. This could signal the beginning of a new bullish trend targeting 25,000 points.
HDFC Bank shares gained momentum following impressive quarterly results showing 34% profit growth. Analysts expect continued upside as the bank's integration synergies materialize and credit growth remains robust.
Indian IT services companies including TCS, Infosys, and Wipro face headwinds as major US clients tighten technology spending. Watch for potential downside in the sector with key support levels being tested.
Reliance is showing strong momentum after breaking out from a cup and handle pattern. The stock looks poised to test previous all-time highs with growing volume support.
Gold continues its upward trajectory with strong momentum. Key technical indicators suggest further upside potential with next resistance levels at ₹72,000 per 10 grams.
Bank Nifty is showing signs of exhaustion after a prolonged rally. Technical indicators point to overbought conditions, suggesting a potential correction in the near term.
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