Nifty traded volatile for yet another session and ended almost unchanged - Religare Broking Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
NIFTY
* Nifty traded volatile for yet another session and ended almost unchanged.
* Mixed trend continued on the sectoral front wherein energy, auto and realty performed well while FMCG and pharma were slightly on the back foot.
* The rotational participation from the heavyweights is helping the index to maintain the positive tone amid consolidation.
* We expect the prevailing trend to continue and now eyeing 25,100 in the Nifty
BANKNIFTY
* Banking index remained range bound and ended on a flat note.
* Mixed trend was witnessed among the banking majors wherein INDUSINDBK and HDFCBANK managed to close in green.
* The index has strong support at lower levels but at the same time is unable to hold gains near its intermediate resistance. Therefore, consolidation in banking index may continue.
* Traders should stay selective and wait for clarity
Please refer disclaimer at https://www.religareonline.com/disclaimer
SEBI Registration number is INZ000174330
