Anand James, the chief market strategist at Geojit Financial Services, said, "We are eager to open this week with eyes set on 18200, but would remain vigilant on approach to 17835, the congestion threshold indicated on Friday.
Jhunjhunwala had a devoted following among the nation's expanding horde of individual investors and was one of the most important market voices in Asia's third-largest economy. The individual who went by the nickname "Big Bull" was a staunch supporter of the India growth narrative. He had a cult-like following as a result of his successful investment, and occasionally, news of his trades caused stocks to surge above their daily limitations.
On the Daily Nifty chart, we can see that the Nifty has been steadily rising and making higher tops and higher bottoms over the past few weeks after just recently touching a low of 15183.