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Daily Market Analysis : Markets oscillated in a range and ended flat, taking a breather after the recent dip Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 25 July 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets oscillated in a range and ended flat, taking a breather after the recent dip. Meanwhile, a mixed trend on the sectoral front kept the participants busy wherein metal and auto decent gains. We saw selective participation from the broader front as midcap index edged higher while smallcap closed almost unchanged.
Indications are in favour of further consolidation in index and upcoming monthly expiry of July month derivatives contracts would keep the volatility high. Besides, the performance of the US market will also be in focus for cues. We thus recommend preferring hedged trades until Nifty resumes the trend.
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