Trade setup for Aug 29, 2022: Things to know before stock market's Opening Bell
- Trade setup for Monday: On daily charts, a breakout above/below 17727-17487 levels on Nifty will determine the direction of Dalal Street, say experts
Trade setup for Monday: After showing weakness on F&O expiry of August series on Thursday, Indian stock market shifted into base building mode on Friday and closed in green territory. NSE Nifty ended 36 points higher at 17,558, BSE Sensex finished 59 points north at 58,833 whereas Nifty Bank index surged 36 points and closed at 38,987 levels. Among sectors, power, metals, consumer durables and capital goods indices rose the most while realty and FMCG fell the most. Mid-cap and Small-cap indices mildly outperformed the Nifty even as the advance decline ratio was positive at 1.48.
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