Mixed trend continued among the majors wherein AXISBANK and ICICIBANK gained nearly a percent - Religare Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
NIFTY
* Markets traded dull and ended almost unchanged, taking a breather after the recent uptick
* A mixed trend continued on the sectoral front wherein finance and pharma did well while FMCG and energy ended in the red.
* On the index front, the support zone has now shifted to the 24,600-24,800 zone.
* Traders should stay focused on stock selection and utilize dips to add quality stocks.
BANKNIFTY
* Banking index traded volatile during the day and closed with moderate gains.
* Mixed trend continued among the majors wherein AXISBANK and ICICIBANK gained nearly a percent.
* The index rebounded taking support of its 20 EMA and closed above the trend line resistance. However, due to lack of participation from banking majors, momentum in the index is still missing.
* Thus, traders are advised to align their positions accordingly and avoid aggressive trades.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
