New Delhi, Feb. 16 -- Stocks to buy for the short term: The Indian stock market benchmark Nifty 50 slipped by almost a per cent for the week ended Friday, February 13, snapping its two-week winning streak, largely due to heavy selling in IT stocks amid global concerns over AI-driven disruptions.
The Nifty IT index crashed over 8% for the week and extended losses to the fourth consecutive week.
The Nifty 50 closed at 25,471.10 on Friday. Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, said the 25,400 level will act as a crucial pivot for this week.
Patel said a decisive break below 25,400 could trigger a gap-fill move towards 25,100, which stands as the immediate and vulnerable support...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.