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Published on 19/09/2020 12:08:40 PM | Source: Religare Broking Ltd

Nifty traded volatile last week and ended marginally in green amid mixed cues - Religare Broking

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

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NIFTY OUTLOOK

* Nifty traded volatile last week and ended marginally in green amid mixed cues. It finally settled at 11,504.95. Mixed trend was witnessed on sectoral front while the broader market posted decent gains.

* With no major data lined up, the focus would again shift to global market for cues. Besides, updates on India-China border tension and developments related to COVID-19 would also remain on their radar. In between, the scheduled derivatives expiry of September month contracts would keep the volatility high.

* Markets are expected to consolidate further, after the fresh breakdown in the banking index. A decisive fall below 11,400 in Nifty may result in further correction ahead. Traders should limit leveraged trades and maintain positions on both sides.

 

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