Bank Nifty and NBFCs has led the upmove as interest moratorium ruling is now postponed to a later date, followed by key sectors like consumer, energy and IT gained traction, Reliance Securities' Rajeev Srivastava told Moneycontrol.
Moving average based trading is one of the simplest form of trend trading but has been lost in the maze of new indicators. Nooruddin Fidai, one of the respected names in moving average based trading demystifies his art.
A 'doji' is formed when the index opens and closes approximately around the same level, but remains volatile throughout the day. This is indicated by its long shadow on either side. It appears like a cross or a plus sign.
Udayan Mukherjee, managing editor of CNBC-TV18 sums up the market as we gear for the closing today. The Nifty is currently well ahead of 5200 and the 200-day moving average.