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Below the Quote on Market Analysis by Mr. Ajit Mishra, SVP - Technical Research, Religare Broking Ltd.

Markets traded volatile and ended almost unchanged, taking a breather after the recent surge. The beginning was upbeat however profit taking in select heavyweights pulled the index lower as the day progressed. Meanwhile, a mixed trend on the sectoral front kept the traders occupied wherein metal and realty posted decent gains while energy and FMCG witnessed profit taking. The broader indices were also aligned to the move and ended on a flat note.

We reiterate our positive view on the index and suggest focusing on select themes/sectors that are attracting noticeable interest. Apart from the global cues, the performance of the IT majors will be in focus for cues. 

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