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Street Signs: Nifty's new conquest, SME bankers under regulatory scalpel
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The 25K wall falls:Nifty's new conquest
The Nifty 50 index broke new ground, closing 'decisively' above the 25,000 mark for the first time since September 2024. Market observers interpret this as a bullish signal, potentially paving the way for the index to reach record highs. Devarsh Vakil, head of prime research at HDFC Securities, noted that Nifty's breakout above 25,000 marks a positive short term trend. Immediate resistance is at 25,222, while support has shifted to 24,900. Dhupesh Dhameja, derivatives research analyst at Samco Securities, added that a firm close above 25,250 could boost upward momentum, targeting 25,500. Unless the
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