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11,549 becomes a sheet anchor for Nifty
Last week, our benchmark index clocked new record high of 11,856.15. However, it turned out to be a formality as there was no follow-up momentum seen to extend the rally. Last Friday, the markets gave a hint of profit booking and similar sort of decline was seen on the first day of the week gone by as well. Some macro factors like, Brent crude rising beyond its key levels of $73-74 weighed down heavily on traders’ sentiments. Fortunately for us, the damage was not as severe as it looked like once. Due to
