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Markets traded in a narrow range and ended marginally lower amid mixed cues. Initially, weak global cues were weighing on sentiment however buying in select heavyweights capped the damage. Consequently, Nifty settled at 17856.5 levels; down by 0.21%. Meanwhile, most sectoral indices traded in sync with the trend and ended lower wherein metal and energy were among the top losers. Meanwhile, buying in select stocks from the broader indices kept the participants busy.

The recent move in the Nifty index shows indecisiveness among the participants thus we recommend focusing more on stock selection and trade management. We’re seeing rotational buying in select index majors across sectors while others are still sitting on the sidelines. Traders should align their positions accordingly.  

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