Nifty50 may see bullish selling pattern
The benchmark Nifty50 index is expected to see selling pressure this week. Analysts said some jitters are expected amid the December quarter results announcements, which begin this week. In addition, global signals are turning unfavorable against a backdrop of tensions in the Red Sea and strong macroeconomic data in the United States that blurs expectations of rate cuts for March. “Last week, the Nifty50 failed to hit new highs.
And the “bull selling” may continue in large-cap companies. Markets in general will continue to perform well. The support level for the Nifty50 will be at
First published: January 7, 2024 | 22:33 IS