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Indian markets rebounded strongly on Friday, snapping a three-day losing streak, driven by gains in financial stocks after RBI eased provisioning norms. Easing Middle East tensions, a drop in crude prices, and strong investor sentiment contributed to the rally. Key stocks saw heightened activity, while technical indicators suggest upward momentum.
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Waaree Energies is gaining attention after a significant rally. Anand James anticipates a potential breakout, targeting new peaks. Nifty faces resistance at 25,000, lacking strong momentum. Trading strategy involves a short strangle option between 25500-24800. Sensex and Nifty expiry days are swapping in September. VIPIND shows bullish signals, targeting 450 with a stop loss at 399.
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Nilesh Shah warns that a crude oil price surge may negatively affect Indian markets. Global tensions and rising oil prices are concerns. US airstrikes on Iranian nuclear facilities escalate Middle East conflict. Oil price increases are already visible. Shah advises traders to be cautious. He suggests long-term investors use corrections to buy. Availability and prices of oil need monitoring.
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