Daily Market Analysis : Markets resumed up move on the monthly expiry day and gained nearly a percent Says Mr. Ajit Mishra, Religare Broking
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
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
Below the Quote on Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets resumed up move on the monthly expiry day and gained nearly a percent. The first half was volatile as Nifty swung on both sides but a steady surge in the select heavyweights in the latter half completely changed the tone. Eventually, it settled closer to the day’s high at 22,570 level. Most sectors contributed to the move wherein pharma, auto and energy were among the top gainers. The broader indices also edged higher and gained in the range of 0.5%-0.8%.
The move has paved the way for a new high in Nifty soon, with strong support at 22,300 level now. However, we have been seeing selective participation so traders should focus more on identifying stocks and continue with a “buy on dips” approach.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Co. Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mining Sector_438.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IPO 6.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/yes bank_78.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Couple_Tourism.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shiping_123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/real estate 25.01.2024.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Amara Raja Batteries Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Signature 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Amara Raja Batteries Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Co. Ltd.jpg)
Quote on Kotak Mutual Funds for Sensex at 80000 by Nilesh Shah, Managing Director at Kotak ...
More News
![](https://portfolio.investmentguruindia.com//uploads/news/Piyush Gupta Colliers India.jpg)
Comment and Data on vacancy in SEZ Grade A office stock by Piyush Gupta, Colliers India
![Market Quote : The ECB hinted at a potential pause in rates due to receding inflation Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/334b27899df7178083bef35d92b3e4b0.jpg)
![Daily Market Analysis : Markets started the week with a cut and lost over half a percent amid mixed cues Says Mr. Ajit Mishra, Religare Broking](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![Pre-market comment by Mandar Bhojane , Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _14.jpg)