Nifty 50 and Sensex break resistance levels
pre-market1 source ↓written by the desknot a recommendation
- last week
- 0.9%
- but shows potential
- 0.4%
- surged
- 7.8%
- last week
- $463 million
Nifty 50 and Sensex have both risen 0.9% last week, breaking above their intermediate resistance levels, reinforcing a bullish outlook. An inverted head and shoulder pattern on the daily chart supports this trend. Meanwhile, the Nifty Bank index fell 0.4% but shows potential for a bullish breakout. BSE Realty index surged 7.8%, indicating sector strength.
• FPIs were net buyers of Indian equities for the third week, purchasing $463 million last week, which may boost market momentum further.
Not investment advice. For informational purposes only.