On April 17, Nifty confirmed a follow-through day, advancing approximately 1.77% on higher volume compared to the previous session, signaling renewed strength in the market. Similarly, Sensex is up around 1.96% on volume higher than the April 16th session. As a result, market status has been upgraded to Confirmed Uptrend.
In the current environment, stocks breaking out of early-stage bases, exhibiting higher relative strength, and backed by strong fundamentals are well-positioned for potential outperformance. Rather than speculating on market movements, we will closely track price action and adapt to evolving conditions.
However, should the distribution day count increase or Nifty breach key support levels, we may downgrade the market status to "Uptrend Under Pressure" to reflect heightened risk.
Buy Watchlist
Td Power Systems, Nazara Technologies, Elecon Engineering, Godrej Industries, Gland Pharma, Bharat Electronics and view more.
Key News & Earnings Updates
Vodafone Idea Moves Supreme Court Over $5 Billion Dues Dispute, Shares Likely to Be in Focus.
Divis Laboratories (Nse) Q4 Net Profit Rises 23% YoY to ₹662 Crore; Revenue Up 12.2%, Declares ₹30 Dividend.
Kec International Secures ₹1,133 Crore Transmission & Distribution Orders Across India.
Bharat Electronics Bags Additional Orders Worth ₹572 Crore for Defence Systems and Solutions.
Bajaj Auto Subsidiary Secures €566 Million Unsecured Loan from JP Morgan, DBS, and Citigroup.
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Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.