Banking index traded lackluster for yet another day and closed the session almost unchanged - Religare Broking Ltd
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 remained in a range for yet another day and ended marginally higher, in continuation of the prevailing tone.
* Mixed trend continued on the sectoral front wherein realty and IT were among the top gainers while FMCG and energy traded subdued.
* We are currently seeing a time-wise correction in the Nifty index and indications are in the favor of prevailing tone to continue.
* Focus on themes like agri. related, sugar, chemicals and select defense counters for long trades.
Bank Nifty
* Banking index traded lackluster for yet another day and closed the session almost unchanged.
* Mixed trend continued among the banking participants. Wherein HDFC Bank and Indusind bank capped the downside. While ICICI Bank and Axis Bank closed in red.
* Banking index finding resistance around 78.6% retracement levels of its previous fall from last four sessions.
* Thus traders should position trades accordingly and focus on stock selection.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
More News
Nifty opened with an upward gap and remained in positive terrain throughout the day - Jainam...
