L ast week, the domestic benchmark indices closed flat on a week-on-week basis but formed a bearish pattern (shooting star) that warrants attention.
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The equities staged a remarkable rebound on the final day of the financial year, setting a positive tone for the new financial year. This surge led to a new lifetime high at 22,529.95, effectively nullifying the January-March topping cycle
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The Nifty finally succumbed to an impulsive corrective move across the market selling pressure.
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Positive economic data boosted the sentiment in the domestic market and lifted key benchmark indices to a fresh all-time.
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The NSE benchmark index Nifty 50, though it hit a fresh all-time high, is struggling to cross the 61.8 per cent extension level of the prior uptrend. In June 2023,
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