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Street Signs: Markets teeter on edge, Nuvama's unintended fall, and more
Samie Modak Mumbai
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Markets teeter on edge: Hammer or hangman?
The Nifty 50 index slipped 0.7 per cent last week, snapping a two-week climb. After peaking at 25,662, it closed at 25,461. Caution is likely to set the tone this week, with markets on edge ahead of the July 9 deadline for countries to finalise trade deals with the US. Traders will also be watching volumes closely following the ban on Jane Street, a key player in the derivatives segment. 'The daily chart of the Nifty shows a hammer pattern, typically a bullish reversal signal. Support lies at 25,300, and as long as
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Street Signs: Markets teeter on edge, Nuvama's unintended fall, and more
Shares of Nuvama Wealth Management, majority-owned by private equity (PE) firm PAG, fell over 10 per cent on Friday Samie Modak Mumbai Listen to This Article Markets teeter on edge: Hammer or hangman? The Nifty 50 index slipped 0.7 per cent last week, snapping a two-week climb. After peaking at 25,662, it closed at 25,461. Caution is likely to set the tone this week, with markets on edge ahead of the July 9 deadline for countries to finalise trade deals with the US. Traders will also be watching volumes closely following the ban on Jane Street, a key player in the derivatives segment. 'The daily chart of the Nifty shows a hammer pattern, typically a bullish reversal signal. Support lies at 25,300, and as long as
