Nifty trend reversal possible if it closes above 24850.
"if it closes above what above 24850 then I can say that yes there is a possibility that there's a trend reversal and then it'll be fun watching Nifty levels"
Poor Q3 results could lead to a fresh round of selling in Nifty in the coming weeks of January.
"January in the next one or two weeks we'll start seeing Q3 results and it is expected that Q3 may not also be again that great so if Q3 results don't come up good we may see a fresh round of selling"
IRFC is showing technical weakness as it has fallen below the 200-day Moving Average, and the 50-day Moving Average is poised to cross below the 200-day Moving Average.
"IRFC has gone below 200 Dema 50 Dema is about to cross 200 Dema from above"
