Nifty began the week with modest gains, continuing the prevailing positive trend - Religare Broking Ltd
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Nifty
* Nifty began the week with modest gains, continuing the prevailing positive trend.
* Sectoral performance was mixed, with gains in Realty, private banks, and IT, while pharma, metal, and FMCG sectors lagged.
* We anticipate the prevailing trend to persist, with Nifty gradually moving towards the 24,000 levels.
* We recommend maintaining a "buy on dips" strategy, focusing on stocks demonstrating higher relative strength.
BANKNIFTY
* Banking index outperformed the benchmark index and closed higher gaining nearly a percent.
* Private banking index outperformed the PSU banking stocks helping index to close near the days high.
* It has witnessed a breakout from the small consolidation and at the same time has surpassed 78.6% retracement resistance line.
* Thus we believe bullish tone to continue and banking index likely to inch higher to test its record high levels.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
![](https://portfolio.investmentguruindia.com/uploads/news/Economy_growth.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul02v195.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Calcom26FEb.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v4_unyafZ7.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Pankaj Jathar CEO NIIT Ltd..jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ITSecWewin.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/power sector.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Goldjewellary.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul02v191.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/railMetro.jpg)