Hot Stocks | Can bet on Zee Entertainment, Tech Mahindra, Larsen & Toubro for the short-term
Episode 3374, May 26, 2021, 12:30 AM
The Indian market took a pause on May 25 after witnessing a stunner rally in the week gone by.
Nifty managed to close above 15,200 while Bank Nifty retained 34,600.
On the derivatives front, a tug of war was seen among bulls and bears at 15,200 strike as both call and put writers remained active there.
On the technical front, the market can be seen trading in a rising channel with the formation of higher bottoms.
In the upcoming sessions, the bias is likely to remain in favour of bulls and we expect the market to rally towards its all-time highs.
On the downside, immediate support is placed at 15,000-14,900 while 15,300 would be the next immediate hurdle