Nifty Ends Flat on Weekly Expiry Amid Cautious Trade - Religare Broking Ltd
NIFTY
* Nifty traded with a cautious tone on Thursday and ended largely unchanged on the weekly expiry day for the Sensex.
* After an initial downtick, the Nifty attempted a mild recovery but failed to surpass the previous session’s high and eventually closed almost flat at the 23,400 level.
* Technically, the 23,550–23,700 zone is expected to act as an immediate resistance area, while a fall below 23,150 could trigger a resumption of the corrective phase.
* Until then, the market will likely remain range-bound, with stock-specific movements dominating broader trends.
BANK NIFTY
* Nifty traded with a cautious tone on Thursday and ended largely unchanged on the weekly expiry day for the Sensex.
* After an initial downtick, the Nifty attempted a mild recovery but failed to surpass the previous session’s high and eventually closed almost flat at the 23,400 level.
* Technically, the 23,550–23,700 zone is expected to act as an immediate resistance area, while a fall below 23,150 could trigger a resumption of the corrective phase.
* Until then, the market will likely remain range-bound, with stock-specific movements dominating broader trends.
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ00017433
