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Below the Market Analysis 08 November 2023 by Mr. Ajit Mishra, SVP - Technical Research, Religare Broking Ltd

Markets remained range-bound and ended marginally in the green, in continuation of Tuesday’s move. After the flat start, Nifty oscillated in a narrow range till the end and finally settled at 19443.50 levels.  Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein realty and pharma posted decent gains. The broader indices outshined the benchmark and gained in the range of 0.7%-1%.

Markets need a push to overcome the major hurdle at 19,500 in Nifty and it could probably be from the global markets, in the absence of any major domestic event. Meanwhile, participants should continue with the stock-specific trading approach, with bias on the positive side.

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