Street Signs: Buy the dip, microfinance sector seen turning a corner & more

Microfinance stocks are likely to benefit from a rise in credit demand. According to analysts, the microfinance industry has captured only 28.5 per cent of the total addressable market

Plenty of steam left: Buy the dip

The benchmark Nifty logged record closing highs last week, surpassing its previous all-time high made over 13 months ago. Notwithstanding a sharp upmove in the markets over the past two months, there seems to be more steam left. Analysts are recommending a ‘buy the dip’ strategy as long as key support levels are not breached. “The immediate short-term support for the Nifty is placed between 18,400 and 18,350, while 18,170 will be seen as medium-term support, where the 20-day exponential moving average is placed. On the flip side, the immediate resistance for the Nifty