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Published on 16/11/2019 9:36:51 AM | Source: Religare Securities Ltd

We expect Nifty to hover within 11,700-12,100 range - Religare Securities

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

Nifty Outlook

* Nifty ended almost unchanged amid volatility, in continuation to prevailing consolidation phase. Mixed trend was witnessed on the sectoral front wherein banking helped the benchmark index to hold at the higher levels while others traded mixed.

* There’s no major data lined up on the domestic front in the following week and markets will continue to dance on the global tunes. Investors would keep an eye on progress of US-China trade deal, which is lingering from quite some time and minutes of the FOMC meet on November 21.

* Indications are in the favour of further consolidation and we expect Nifty to hover within 11,700-12,100 range. Having said that, we feel it’s a healthy pause after the recent surge and the overall trend would remain positive.

 

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