Nifty MidCap index at crucial juncture: Sameet Chavan of Angel Broking

On the daily chart, the Nifty MidCap index in reaching the '100% Price Extension' of the previous up move

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Sameet Chavan Mumbai
Market outlook

Last week started on a pleasant note for the Indian markets as some positivity was seen across the globe. Amid this, the benchmark registered a fresh record high while the banking remained quiet on the first day. During the remaining part of the week, Nifty consolidated in a small range as the banking sector kept sulking. Fortunately, the IT space saw some renewed buying interest which kept the benchmark in the positive terrain to eventually register yet another record high beyond the 15,800 mark. Among the key indices, Nifty gained 0.82 per cent during last week, which was mainly led by handsome gains of 4.52 per cent in Nifty IT. The Nifty Midcap 50 index too added another 2.57

First Published: Jun 14 2021 | 08:35 AM IST

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