IGI Logo

NIFTY

* Markets ended the gaining streak and lost nearly half a percent, tracking feeble global cues.

* Mixed trend on the sectoral front kept the traders busy wherein pharma, realty and FMCG edged higher while IT and metal witnessed profit taking.

* We suggest maintaining focus on stock selection and trade management, with support zone intact at 24,850-25,000 zone in Nifty.

BANKNIFTY

* Banking index opened lower but managed to curb the initial losses to finally settle with half a percent cut.

* Barring HDFCBANK, all the banking majors ended in red wherein PSU banking stock suffered the most.

* The index is hovering around its short-term moving averages. Indications are in favor of consolidation considering today’s price action. ? Traders are advised to avoid aggressive trades and wait for further confirmation.

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330