Daily Market Analysis : Markets traded in a subdued manner, closing nearly unchanged after a recent rally Says Mr. Ajit Mishra, Religare Broking Ltd
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Below the Quote on Daily Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd.
Markets traded in a subdued manner, closing nearly unchanged after a recent rally. Following a flat opening, Nifty moved within a narrow range for most of the session but briefly tested a new milestone of 26,000. Sector-wise, metals, energy, and IT posted decent gains, while FMCG and financials saw profit booking. Broader indices followed a mixed trend, leading to a flat market breadth.
We maintain a consolidation view but with a positive bias, driven by rotational buying in heavyweights. Focus on stock selection and use dips to accumulate quality stocks, as Nifty holds strong support around 25,600-25,800 zone.
Above views are of the author and not of the website kindly read disclaimer
