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Daily Market Analysis : Markets reversed yesterday`s gain on the monthly expiry and shed over half a percent Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 26 July 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets reversed yesterday's gain on the monthly expiry and shed over half a percent. After the initial uptick, Nifty surrendered all its gain as the day progressed and final settled at 19659.90 levels. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein auto, banking and oil & gas ended lower while pharma and realty posted strong gains. The positive tone of broader indices offered further opportunities.
We are in a consolidation phase so it is normal to see volatile swings. The key is to manage risk until the trend resumes. Meanwhile , we feel it is prudent to restrict positions and use intermediate dips to gradually add quality stocks.
Above views are of the author and not of the website kindly read disclaimer
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