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Published on 13/04/2019 9:30:25 AM | Source: Religare Securities Ltd

Nifty consolidated further in the passing week and settled almost flat - Religare Securities

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

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NIFTY OUTLOOK

* Nifty consolidated further in the passing week and settled almost flat; however, movement on the stock specific front kept the traders busy.

* The ongoing quarterly earnings season and global cues will largely dictate the market trend further.

* Technically, we may see further consolidation in Nifty ahead while the bias would remain on the positive side. On the other hand, volatility will remain high on the stock specific front as participants will react to the earnings announcements. Traders should prefer hedged positions in such scenario. Nifty has strong support at 11500.

 

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