Nifty edged higher for yet another session and gained nearly a percent - Religare Broking
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Nifty
* Nifty edged higher for yet another session and gained nearly a percent, in continuation of the prevailing up move.
* Mixed trend on the sectoral front kept the traders occupied wherein energy, metal and banking were among the top performers.
* The rotational buying across heavy weights is pushing the Nifty to a newer high despite the overbought reading.
* Traders should keep on trailing stop losses in the existing trades to capitalize on the prevailing trend.
Banknifty
* Banking index extended its upmove for second straight session and closed higher by over a percent.
* Baring Indusind bank, all other banking stock closed higher. Wherein ICICI bank, HDFC bank and SBIN contributed the most.
* The Buoyancy in the private banking majors indicates the prevailing tone to continue.
* Traders should align their positions accordingly and stay selective in the PSU space
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
