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Below Quote Daily Market Analysis 14 July 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets ended the final session on a strong note and gained nearly a percent.  After the initial uptick, Nifty traded muted in the middle but a sharp surge in the last half an hour completely changed the tone. Consequently, Nifty settled at a new high i.e. 19,564.50 levels.  Most sectors ended higher wherein IT pack was the highlight, followed by metal and realty pack. The broader indices were also in sync and gained in the range of 1.2%-1.5%.

It is a firm close but we need sustainability above 19550 in Nifty for continuation of the up move. The prevailing buoyancy in global markets combined with rotational buying across sectors is favoring the same. We thus reiterate our positive view and suggest focusing on identifying quality stocks across sectors. 

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