Markets may consolidate in the 15600- 15900 level for some time before breaking out above 15900 By V K Vijayakumar, Geojit Financial
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/07/64a427e6e573474b1b56e1a9950fa374.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Quote on Markets may consolidate in the 15600- 15900 level for some time before breaking out above 15900 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"It appears that the market is in a 'bull fatigue' stage. Markets may consolidate in the 15600- 15900 level for some time before breaking out above 15900 or breaking down below 15600. If the market is to turn bullish again it will have to break the 15900 resistance & stay above this level for some time. For this to happen a currently underperforming sector like banking has to emerge as a leader in the next leg of the rally. In the present rally metals & IT have been the clear leaders. These two segments are likely to remain resilient but they are unlikely to move up significantly due to high valuations. So, market leadership change is imminent, and private sector banking and industrials are the likely candidates. Hyper-speculative activity in fundamentally unsound mid-small caps triggered by newbie retail investors is an area of concern"
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/port57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tradebulls Securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _15.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/geojit market watch.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/mobile57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health57.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/aecd4f4a5e886b873aa68500d027acd0.jpg)
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
![Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/cc796169e4f7c012914c95f4a8efe430.jpg)
![Weekly market outlook : The market is eagerly awaiting data on inflation and industrial production to provide further guidance Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/5f1fa5f12be5ac87ff9258ea3909f0f8.jpg)
![Monthly Debt Market Update, September 2023: CareEdge Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/732eb47dce84d7b1428133592192fc6c.jpg)
Weekly Market Quote: Markets edged higher amid volatility and gained nearly one and a half p...
![Daily Market Analysis : Markets traded dull and ended almost unchanged on the weekly expiry day Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Morning Market Quote : FIIs have used the July rally to press further big selling Says Dr. V K Vijayakumar, Geojit Financial](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/07/dcd8e5bc41e5ec1cfd7192d27d11d343.jpg)
![Quote On Nifty : Nifty ended in the red after a volatile trading session Says Rupak De, LKP Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/09/160fbccdbaeef482397aa7fa7812f561.jpg)