Daily Market Analysis :Markets traded quietly after Thursday`s surge and ended nearly unchanged Says Mr. Ajit Mishra, Religare Broking Ltd
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Below the Quote On Market Analysis by Mr. Ajit Mishra – SVP, Research, Religare Broking Ltd
Markets traded quietly after Thursday’s surge and ended nearly unchanged. Following a flat start, the Nifty oscillated within a narrow range throughout the session but managed to briefly reach the new milestone of 23,000. Meanwhile, a mixed trend across sectors kept traders engaged, with auto, banking, and financial sectors performing well, while FMCG and realty experienced profit-taking. The broader indices also had a muted session, closing almost flat.
It's common to see a pause after a strong upward move, and traders should view any dip around 22,750-22,850 in Nifty as a buying opportunity. While key sectors are contributing to the upward movement, we are now seeing more selective participation. Therefore, it is advisable to focus on stock selection, with a preference for large-cap and large mid-cap stocks.
Above views are of the author and not of the website kindly read disclaimer
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