NIFTY Index Chart Analysis

NIFTY SUGGESTS A CAUTIOUS OUTLOOK

Leading benchmark index Nifty 50 scaled to a new lifetime high with a surprise move last week. For the fourth consecutive week, Nifty hit a new lifetime high. Last Thursday i.e. on September 12, in a surprising move, it rallied over 490 points from the day’s low and closed at an all-time high. The higher volumes than the previous week show buying interest. All sectors and broader market participation are big positives at the new high.