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2025-06-04 10:43:18 am | Source: Religare Broking
Nifty edged lower in a volatile trading session, losing over half a percent amid weak cues - Religare Broking
Nifty edged lower in a volatile trading session, losing over half a percent amid weak cues - Religare Broking

NIFTY

* Nifty edged lower in a volatile trading session, losing over half a percent amid weak cues.

* After an initial uptick, the Nifty oscillated sharply in early trade; however, a sharp decline below the short-term moving average (20 DEMA) in the latter half of the session kept the tone negative.

* On the sectoral front, most key sectors ended in the red, with energy, financials, and IT among the top losers.

* We recommend maintaining caution in stock selection and trade management in the current environment.

 

BANK NIFTY

* The banking index opened on positive note, marking a new record high, but failed to hold onto its early gains and slipped lower, losing nearly half a percent.

* In line with trend, most banking majors ended in red wherein Idfcfirstb, Indusindbk, Axisbank were top losers, while Federalbnk and Aubank posted gains.

* A "buy on dips" approach is recommended, with the 55,000-54,500 zone now serving as a new support base.

* Focus on banking stocks showing relative strength and avoid laggards.

 

 

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