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Below Quote Daily Market Analysis 05 January 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd

Markets traded volatile and ended marginally higher amid mixed cues.  After the initial uptick, Nifty drifted gradually lower and oscillated in a range till the end.  Meanwhile, a mixed trend continued on the sectoral front wherein recovery in IT majors and follow-up buying in select heavyweights kept the traders occupied. The broader indices managed to edge higher for yet another session wherein smallcap gained over half a percent.

Nifty is likely to spend some more time within the 21,500-21,800 zone citing mixed cues but tone is likely to remain positive. Traders should thus maintain their focus on stock selection and risk management. In absence of any major event, the performance of the global indices especially US would remain in the focus for cues in the coming sessions. 

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