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Published on 17/08/2019 9:42:12 AM | Source: Religare Securities Ltd

We believe Nifty would further consolidate in a broader range of 10,750-11,250 - Religare Sec

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

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Nifty Outlook

*  It was a difficult week for the traders as the benchmark index, Nifty, remained volatile for most part of the week and ended lower by over half a percent.

*  With no major event lined up, global cues would largely dictate the market trend. Besides, participants will be closely watching the currency movement, progress of monsoon and crude prices for cues.

*  We believe Nifty would further consolidate in a broader range of 10,750-11,250 and a lot depends upon the performance of banking index. We advise continuing with stock-specific trading approach and focusing more on the trade management.

 

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