Daily Market Analysis : Markets traded volatile on the weekly expiry day and ended marginally in the green Says Mr. Ajit Mishra, Religare Broking
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Below Quote Daily Market Analysis 14 September 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd
Markets traded volatile on the weekly expiry day and ended marginally in the green. After the initial uptick, profit taking in heavyweights trimmed the gains, followed by range bound movement till the end. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein metal and realty posted strong gains while FMCG ended on a muted note. Besides, the continued recovery on the broader front further boosted the sentiment.
The rotational buying across sectors is helping the index to inch gradually higher amid mixed global cues. We are eyeing 20,300 in the Nifty and expect the 19800-19950 zone to offer cushion in case of any dip. Meanwhile, participants should maintain their focus on stock selection and prefer index majors.
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