28-09-2023 09:23 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 continued on the sectoral front wherein pharma, realty and FMCG were among the top gainers.

* Eyeing 19,750 in Nifty as an immediate hurdle and its break may prompt further rebound.

* Scheduled monthly expiry of derivative contracts would keep the volatility high.



BANKNIFTY

* Banking index recoup its early losses and finally closed on a flat note.

* Mix trend was witnessed among banking participants. Wherein Axis Bank, Indusind Bank and Federal Bank were among top gainer.

* It rebounded from the anticipated support zone of 44200, which coincides with 100 DEMA.

* Expecting pullback move towards 45050, which coincides with its short term moving average.



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