TCS Q3 result, FII action among 8 factors that could keep D-Street on toes this week
Nifty50 settled at 24,004.75, falling by 183.90 points or 0.76%.
Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty failed to break above the 50 EMA on the daily timeframe, resulting in a market correction though conceding that the sentiments still remain positive as the index closed above 24,000.
“The RSI shows a bullish crossover. On the upside, the index may rise towards 24,200–24,220, with a break above 24,220 potentially pushing it to 24,500. Conversely, a decisive move below 24,000 could lead the index towards 23,700," De said.
Factors that are likely to impact movement when markets reopen this week:
1) Q3FY25 earnings
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