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NIFTY Index Chart Analysis Market’s focus is likely to shift towards Q3FY19 earnings.


Although the final trading session of the calendar year 2018 stayed rather lifeless with the markets closing on a flat note, the calendar year 2018 itself was a sharp contrast to its last trading session. The Nifty remained dominated by both global and domestic events. Despite witnessing high volatility in the calendar year 2018, Nifty ended the year in the green. However, the gains remained restricted, with the Nifty gaining just over just over 3 per cent. Going ahead, volatility is likely to remain on the higher side as a number of events are lined up in CY2019. 

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Index trend and stocks in action May 21, 2019

Karan DSIJ / Article rating: 3.5

The all-time high level of 11,856 will be closely monitored by the traders as sustaining above this level would further strengthen the bulls and the gates for the level of 12,000 would open up. On the downside, the level of 11,750 would be a crucial support for the Nifty. Stocks in news: PC Jeweller, ICICI Bank, GAIL, Adani Green Energy, Dynamic Cables, Panacea Biotec, Indostar Capital Finance.