IGI Logo

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

Market volatility persisted, ultimately resulting in marginal changes as they paused following a recent decline. During this time, traders were engaged in navigating a mixed landscape across various sectors, with autos, energy, and metals showing moderate gains. The broader indices also experienced relief, each edging up by over half a percent.

With support hovering around the 22,150 mark in the Nifty and global markets maintaining stability, there's a possibility of some consolidation. Nonetheless, the prevailing sentiment is likely to remain pessimistic until the Nifty convincingly surpasses the 22,500 threshold. Traders are advised to exercise caution and maintain hedged positions.

Above views are of the author and not of the website kindly read disclaimer