Nifty, Bank Nifty may see more gains, buy on dip’s the advice

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Key Points

Technical charts indicate that Nifty and Bank Nifty are currently poised for an upward trend..

According to technical analysts, Nifty may ascend towards 22,800 levels, while Bank Nifty could touch 48,500 levels..

Stocks such as Sun Pharma, Hero MotoCorp, Tata Steel, Britannia, Divis Lab, HDFC Life, PI Industries, Praj Industries, and Sona BLW have exhibited bullish structures, suggesting promising investment opportunities, said analysts...

Nifty has a short-term bottom at 21,710 and has its eyes set on a new all-time high with a potential to stretch higher till 23,00023,100 from a one-month perspective..

For Bank Nifty, its technical structure favours a bullish view as it trades within a rising channel and takes support at its long-term moving average..

Full story at Economic Times | 

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