Daily Market Analysis : Market traded volatile on the monthly expiry day and ended marginally in the green Says Mr. Ajit Mishra, Religare Broking
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Below the Market Analysis 30 November 2023 by Mr. Ajit Mishra, SVP - Technical Research, Religare Broking Ltd
Market traded volatile on the monthly expiry day and ended marginally in the green. After the flat start, Nifty oscillated in a narrow range for most of the session and finally settled around the upper band of the same. Meanwhile, a mixed trend on the sectoral front and rollover of derivatives positions kept the traders busy wherein realty and pharma pack put up a good show. Besides, the market breadth was also inclined on the advancing side, thanks to outperformance by the midcap and smallcap counters.
We have almost reached the record high now after three days of advance and may take a breather now. However, rotational buying across sectors would keep the tone positive. We thus suggest utilizing an intermediate pause or a dip to add quality names.
Above views are of the author and not of the website kindly read disclaimer
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