New Delhi, May 11 -- The Indian stock market is expected to remain volatile this week, reacting to the news flows about US-Iran talks, crude oil price movement, and macroeconomic indicators.
The benchmark Nifty 50, which ended at 24,176 on Friday, 8 May, has been in the green for the last two consecutive weeks amid signs of easing geopolitical tensions.
According to Jigar S. Patel, Senior Manager of Equity Technical Research at Anand Rathi Share and Stock Brokers, from a technical perspective, the Nifty has confirmed a breakout above the 24,300 zone and briefly crossed the important 24,400 hurdle.
Patel highlighted that following the breakout, the index underwent a healthy pullback and successfully retested the breakout area, indicatin...
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