The Hindu Business Line | 07/05/2022 10:47 PM | Click to read full article
Though a recovery rally is possible in the near term, that is likely to be short-lived. As such we will be looking for more fall in the coming weeks. The Foreign Portfolio Investors (FPIs) continue to sell the Indian equities.
Nifty 50 (16,411.25) Nifty has broken its 16,800-17,400 range on the downside as expected. A bounce from there to 16,630 or 16,715 is possible this week.