Here’s how analysts read the market pulse:
Mazhar Mohammad of Chartviewindia.in said investors should wait for Nifty to break above the 15,900 level before taking long positions on the index. In case of a strong breakout above 15,900 level, a sustainable upswing will emerge with a target of 16,300 level,” he said.
Independent analyst Manish Shah said Nifty needs to close above the gap resistance zone of 15,830-15,880. If Nifty50 manages to break above the 15,960 level, expect the market to see a swift rally to 16,200-16,300 zone. This could be the biggest buying opportunity in Nifty50 in two months,” he said.
That said, here’s a look at what some of the key indicators are suggesting for Tuesday’s action:
US stocks pare early gains
Wall Street’s main indexes gave…
