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Published on 18/05/2019 10:22:21 AM | Source: Religare Securities Ltd

Expect Nifty to trade within 11,000-11,800 zone - Religare Securities

Posted in Market Outlook| #Market Outlook #Religare Securities Ltd

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* Nifty traded range bound for most part of the week but sharp recovery in the final session aided strong close. It settled above 11,400; up by over a percent.

* We expect Nifty to trade volatile next week, due to scheduled general elections results on May 23. Meanwhile, stocks would also continue to trade erratic across the board.

* Considering all, we reiterate our view to keep a check on leveraged positions and prefer hedged trades. Also, focus more on stock selection. Expect Nifty to trade within 11,000-11,800 zone.

 

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