13-11-2023 09:24 AM | Source: Religare Broking Ltd
Nifty remained volatile for yet another session and ended marginally higher - Religare Broking Ltd

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NIFTY

* Nifty remained volatile for yet another session and ended marginally higher.

* Mixed trend on the sectoral front kept the traders occupied wherein metal and energy posted decent gains while auto and IT were on the back foot.

* We are seeing rotational buying across heavyweights, which is helping the index to hold strong amid consolidation.

* Stay focused on stock selection and maintain a positive bias until the Nifty breaks 19,200.

 

BANKNIFTY

* Banking index traded with positive bias and closed marginally higher insync with benchmark index.

* Barring Indusind bank, all other private banking major closed in green. Wherein HDFC Bank, Axis Bank and ICICI Bank contributed the maximum.

* Sustainability above intermediate hurdle of 43850 is crucial for further upmove towards 44100.

* Restrict aggressive positions and focus more on risk management.

 

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