Daily Market Analysis : Markets started the week with modest gains Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 05 June 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets started the week with modest gains, tracking firm global cues. After the gap-up start, Nifty oscillated in a range till the end and finally settled at 18,598 levels. Meanwhile, mixed trends on the sectoral front kept the traders busy wherein auto, banking mainly private and realty posted decent gains. In line with the move, the market breadth was also inclined strongly on the advancing side.
The rebound in the US markets has prompted this uptick but we need stability on the global front for a new high. Meanwhile, traders should continue with a stock specific trading approach and utilize any intermediate dips or pause to accumulate quality stocks. Apart from the key sectors, one can selectively look at midcap and smallcap also, citing their prevailing outperformance.
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Post market comment by Mandar Bhojane, Research Analyst, Choice Broking
