Nifty towards reaching 21 thousand and Sensex 70,000
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New Delhi (Uttam Hindu News): There is a bullish environment in the market, but there is a possibility of correction in the market in the recent times. DIIs can book profits during the uptrend. According to VK, Chief Investment Strategist, Geojit Financial Services. Vijaykumar says. FIIs meanwhile have emerged as buyers. The sustained decline in US bond yields (10-year yield is now below 4.20 per cent) will ensure FII buying, he said.
Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher said Nifty is making new record high by crossing 20,850 zone with frontline stocks like ICICI Bank, M&M, HDFC Bank and RIL maintaining a strong trend, which is pushing the index further. Can pull.
The index has gained about 11 per cent in the current ups and downs and is likely to rise further in the coming days towards the 21,000 level. Support for the day is seen at 20,700 while resistance is seen at 21,000, Parekh said. On Wednesday, BSE Sensex is up 281 points at 69,577. Adani Group shares are up 18 percent in Adani Total Gas, 13 percent in Adani Green and 12 percent in Adani Energy.
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