Nifty started the week on a positive note and gained nearly half a percent by Religare Broking Ltd.
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Nifty
* Nifty started the week on a positive note and gained nearly half a percent, in continuation to the prevailing uptrend.
* Mixed trend continued on the sectoral front wherein IT, financials and metal posted decent gains while energy and realty lost nearly half a percent.
* The buying interest on every dips indicates that bulls are in control and we expect the prevailing tone to continue.
* Traders should focus more on sector/theme selection citing their rotational participation and utilize pause or dip to add fresh.
BANKNIFTY
* After an initial uptick, Banking index turned lackluster trading in a range and finally settled marginally higher.
* Mixed trend continued among the banking majors. Wherein HDFC Bank, Kotak Bank performed well. While SBIN and Indusind Bank closed lower.
* Indicators are in favor, consolidation to continue but tone remains positive.
* Traders should align their trades accordingly and focus on stock selection and risk management.
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Daily Market Analysis : The markets began the week on a subdued note and ended nearly unchan...
