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Published on 5/12/2022 4:16:16 PM | Source: Religare Broking Ltd

Daily Market Analysis : Nifty index oscillated in a narrow range and finally settled at the 18,701 level Says Mr. Ajit Mishra, Religare Broking

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Below Quote Daily Market Analysis 02 December 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets made a muted start to the week and ended almost unchanged.  After the flat start, the Nifty index oscillated in a narrow range and finally settled at the 18,701 level.  Meanwhile,  a mixed trend on the sectoral front kept the participants busy wherein buying in metal, banking and realty space capped the downside.  Amid all, the positive bias on the broader front pushed the market breadth to the advancing side.

We’re seeing consolidation on the expected lines, which is healthy after the recent surge.  We expect the resumption of the trend soon meanwhile focus on sectors that are attracting buying interest on every dip and select the stocks accordingly.

 

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