Weekly Market Analysis : Today, the Nifty index traded within a narrow range and closed nearly unchanged, resulting in a muted session Says Mr. Ajit Mishra, Religare Broking
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Below the Quote on Weekly Market Analysis by Ajit Mishra, SVP, Research, Religare Broking Ltd
Today, the Nifty index traded within a narrow range and closed nearly unchanged, resulting in a muted session. Sector-wise, there was a mixed trend with gains seen in FMCG and energy, while metal, realty, and pharma sectors ended lower. The broader indices also showed a subdued trend, closing marginally down.
We anticipate a time-wise correction in the Nifty index due to rotational buying in heavyweight stocks, which has limited the downside so far. However, there are ongoing buying opportunities in select sectors and themes. Traders should exercise caution in stock selection and prioritize effective trade management strategies.
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