Street signs: Nifty may see gains, debt funds see Rs 35K-cr outflow & more

Nifty may see more gains

The Nifty50 rose for the fourth consecutive week, up 2.5 per cent, in the longest winning streak since the week ended September 24 last year. The Nifty has formed a bullish candle and is also holding higher bottom series, which support a further uptrend, said analysts. The near-term uptrend status of Nifty remains intact and Friday's intraday weakness has not dampened the effort of bulls to sustain the highs. However, the index could consolidate between 18,050 and 18,375 levels due to an overstretched rally. On falls, the 18,120-18,130 band could provide support.

Debt funds see