Nifty witnessed a roller coaster ride on the Union Budget day but eventually settled with a marginal cut - 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 witnessed a roller coaster ride on the Union Budget day but eventually settled with a marginal cut.
* Mixed trend on the sectoral front. FMCG and IT showed tremendous resilience.
* A decisive close below the 17550 zone in Nifty would strengthen the bears.
* Expect choppiness to remain high. We reiterate our view to limit positions.
Technical Chart : Intraday
BANKNIFTY
* Banking index also traded in line with the benchmark index and ended in the red.
* Within the pack, the PSU counters were thrashed badly while the private names traded mixed
* 41300-41600 zone would continue to act as a strong hurdle. Prefer hedged positions.
* Give preference to the private banking majors for short term trading positions.
Technical Chart : Intraday
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...
