The Nifty index has been climbing up and closed positive for seven days in a row! This is great news for those who believe the market will keep going up.
Even though the INDIA VIX (which shows how much people are worried about the market) went up on the last trading day and caused a bit of a drop, the Nifty bounced back and finished the day strong, close to its highest point.
Because of this, there is a solid support base forming at lower levels, especially around the 24,000 to 24,200 range. As long as the Nifty stays above this range, it looks like a good time for investors.
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