 "Street signs: Nifty at crucial juncture, Sebi’s valuation norms, and more")
Nifty at crucial juncture
The benchmark Nifty on Friday managed to bounce off its key support level of 14,300. The 50-share index ended at 14,507, below its 50-day moving average of 14,765. Technical analysts say the Nifty is currently at a crucial juncture and a breakout on any side can have big implications for the market. “If the Nifty fails to trade convincingly above the 14,550-mark, that will confirm a lower bottom on weekly charts and portend further weakness in times to come. The Nifty is facing stiff resistance around 14,700-14,800 zone. A convincing move beyond this resistance zone can open
