Quote on Market Wrap 04th Aug 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
Below the Quote on Market Wrap 04th Aug 2025 by Mr. Ajit Mishra - SVP, Research, Religare Broking Ltd
"Markets started the week on a positive note, gaining over half a percent amid mixed cues. Despite a weak handover from the U.S. markets, the Nifty opened slightly in the green and gradually moved higher throughout the session, eventually settling near the day’s high at 24,722.75. Sector-wise, most indices contributed to the rebound, with metals, realty, and auto emerging as the top gainers. The broader markets also found some relief after the recent correction, as both the midcap and smallcap indices posted gains of nearly 1.5%.
A recurring pattern observed in recent weeks is that the benchmark tends to trade with a positive bias during the first half of the week, only to witness renewed selling pressure in the latter half. Hence, participants should avoid reading too much into a single-day rebound or pause and instead focus on the sustainability of the move. A decisive break above 24,800 could trigger further upside toward the 25,000 marks, which acts as the next key resistance. Conversely, a close below 24,600 would indicate a resumption of the corrective phase. Despite the volatility, there continues to be no dearth of trading opportunities across sectors. Traders are advised to align their positions accordingly, with a strong emphasis on stock selection and effective trade management."
Above views are of the author and not of the website kindly read disclaimer
