The formation of the head and shoulder patterns are still intact in the Nifty, as per the daily time frame chart. This neckline of this pattern is at 11,880-900 level. A sustainable move below this area could open up a sharp weakness in the market ahead, said experts.According to the pivot charts, the key support level for Nifty is placed at 11,889.67, followed by 11,841.83. If the index continues moving up, key resistance levels to watch out for are 11,983.67 and 12,029.83.Close Nifty Bank closed slightly lower by 0.03 percent at 31,332.10. The important pivot level, which will act as crucial support for the index, is placed at 31,113.3, followed by 30,909.9. On the upside, key resistance levels are placed at 31,528.9 and 31,741.1. related news Slideshow | Foreign brokerages bet on 5 stocks for returns of 6-25% Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitesh Thakkar for short term Ideas for Profit | Relaxo: Walking the talk through strong earnings … [Read more...] about Top buy and sell ideas by Sudarshan Sukhani, Mitesh Thakkar, Prakash Gaba for short term
Nifty
Bharat Bond ETF can help low-risk investors diversify with 10-20% allocation
Bharat Bond ETF, which has emerged as an attractive opportunity for investors to participate in the debt market, might not help you in achieving your crorepati dream but can certainly help you diversify.The Bharat Bond ETF will make its entry into markets this week. The ETF, managed by Edelweiss Mutual Fund, would be open for investment soon. The new fund offer is expected to open on December 12 and will be open for subscription till December 20.Bharat Bond ETF might not be able to replace equities to generate wealth for investors, but it is a good replacement to fixed deposits if someone is looking for stable returns, suggest experts.Close According to experts, portfolio allocation towards Bharat Bond ETF could be in the range of 10-20 percent depending on the risk profile of investors. related news Wealthy investors made 10-27% gains from multi-cap schemes in 2019; should you bet? Market Headstart: Nifty50 seen opening flat; Yes Bank, Bharti Airtel eyed Nifty's earnings … [Read more...] about Bharat Bond ETF can help low-risk investors diversify with 10-20% allocation
