Nifty traded lackluster for yet another session and ended almost unchanged on the weekly expiry day - Religare Broking
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
NIFTY
* Nifty traded lackluster for yet another session and ended almost unchanged on the weekly expiry day.
* Most sectors traded in sync however a decline in pharma, FMCG and metal were weighing on sentiment.
* Reiterate our positive view on markets and suggest continuing with “buy on dips” till Nifty manages to hold the 17,400 level.
* A decisive close above 17,800 would again fuel the momentum. Meanwhile, stay stock-specific.
BANK NIFTY
* Banking index also remained in range but the bias was on the positive side and ended marginally higher.
* Buying was witnessed across sector wherein private banking names took the lead.
* Expect resumption of trend above 42500. Upside potential intact at 43000+.
* Meanwhile, remained focus on accumulate quality stocks especially from the private banking space.
To Read Complete Report & Disclaimer Click Here
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing w...
