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Market News

Trade setup: NIFTY50 reaches record peak, sees profit-booking: What comes next?

Gauri Singh
By Gauri Singh

2m 51s | Updated on July 05, 2024, 09:16 IST

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SUMMARY

Let’s take a look at the analysis of NIFTY and BANK NIFTY.

NIFTY opened with a gap-up due to positive global cues but failed to maintain its initial gains, remaining range bound on its weekly expiry day. BANK NIFTY also had a positive start but faced resistance near its previous all-time high due to profit booking in HDFC Bank, affecting the index's momentum.

About The Author

Gauri Singh
Gauri Singh is an anchor and journalist with over a decade of experience, currently covering business, finance and general news. Beyond her professional pursuits as a storyteller, she is a cricket fan, loves travelling and is a dedicated yoga practitioner.

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