01-12-2023 09:26 AM | Source: Religare Broking Ltd
Nifty traded volatile on the monthly expiry day and ended marginally in the green- Religare Broking

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Nifty

* Nifty traded volatile on the monthly expiry day and ended marginally in the green.

* Rollover of derivatives positions kept the traders busy wherein realty and pharma pack put up a good show.

* Rotational buying across sectors would keep the tone positive.

* We thus suggest utilizing an intermediate pause or a dip to add quality names.

Banking

* Banking index recouped its early losses and finally settled marginally lower.

* Mixed trend was witnessed among private banking major. Wherein Axisbank and Kotakbank capped the downside while ICICI Bank and Indusind bank closed lower.

* It has surpassed the crucial resistance of 41000 zone, sustainability above the same would propel further upmove towards 44800.

* Traders should continue with the stock-specific approach, with bias on the positive side.

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