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Street signs: Nifty has a shot at 14,000, Antony Waste GMP at 20% & more

The ongoing buyback of state-owned NMDC may find few takers given the sharp rally in its stock

People walk past the Bombay Stock Exchange (BSE) building in Mumbai. Photo: Reuters
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People walk past the Bombay Stock Exchange (BSE) building in Mumbai. Photo: Reuters

Samie ModakSundar Sethuraman Mumbai/ Thiruvananthapuram
Nifty has a shot at 14,000: Analysts

The benchmark Nifty50 index has added more than 2,000 points, or 18 per cent, since November. The index closed at 13,760 on Friday. Technical analysts say the index has a shot at 14,000 if it manages to sustain around current levels. “For the next few trading sessions, 13,650 should be the sacrosanct level for the trend following traders. Above the same, we can expect uptrend continuation wave up to 13,935-14,000. On the flip side, dismissal of 13,650 could possibly trigger one quick correction leg until 13,500,” said Shrikant Chouhan, executive vice-president, Equity Technical Research

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First Published: Dec 20 2020 | 7:49 PM IST

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