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Below Quote Daily Market Analysis 09 September 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets strengthened recovery and gained nearly 2% in the passing week. The tone was positive from the beginning and improved further with the noticeable participation from the banking pack in the final sessions. Consequently, both the benchmark indices, Nifty and Sensex, settled closer to the week’s high at 19819.90 and 66598.91 respectively. All se...
Weekly Market Analysis : Markets strengthened recovery and gained nearly 2% in the passing week Says Mr. Ajit Mishra, Religare Broking
Below Quote Daily Market Analysis 08 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Market extended up move for yet another session and gained nearly half a percent. After the flat start, Nifty inched gradually higher however profit taking in the final hour trimmed the gains. Consequently, it settled at 19819.95; up by 0.47%. Most sectors contributed to the move wherein realty, financials and energy were among the top performers. Besides, the ...
Daily Market Analysis : Nifty inched gradually higher however profit taking in the final hour trimmed the gains Says Mr. Ajit Mishra, Religare Broking
SBI Life Insurance Ltd * SBILIFE has been inching gradually higher and trading in a rising channel for the last more than one and half year. * It has rebound higher from its short term moving average .i.e. 10 EMA on the weekly chart. * Registered a breakout from small base with noticeable volumes and looks set to test upper end of the channel. * We thus advise creating fresh longs in the mentioned zone. Buy SBI Life Insurance Ltd CMP 1343.60; Range 1340-1345; SL 1...
Stock of the day : Buy SBI Life Insurance Ltd For Target Rs.1425 - Religare Broking
Nifty * Nifty extended recovery on the weekly expiry day and gained over half a percent. * Key sectoral indices, realty, banking and energy were on the forefront while defensive FMCG and pharma ended dull. * It has finally crossed the hurdle at 19,650 and the alignment of the banking pack has further strengthened the tone. * Align positions accordingly and maintain a balanced approach as broader indices look stretched. Banknifty * Banking index engulfed in thre...
Banking index engulfed in three days consolidation range and settled higher gaining over a percent - Religare Broking
Below Quote Daily Market Analysis 07 September 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets extended recovery on the weekly expiry day and gained over half a percent. The tone was range bound in the first half however a sharp surge in the select heavyweights turned the bias in favor of bulls as the day progressed. Eventually, it settled around the day’s high at 19727.05 levels; up by 0.59%. Among the key sectoral indices, realty, bank...
Daily Market Analysis : Nifty has finally crossed the hurdle at 19,650 Says Mr. Ajit Mishra, Religare Broking
Bharti Airtel Ltd * Bharti Airtel has been gradually inching higher after the consolidation breakout and trading near record highs. * Formed a fresh buying pivot while holding firmly above the support zone of the neckline (breakout) area of the range. * It has found support near its short term moving average i.e. 20 EMA on the weekly chart. * We thus recommend creating fresh longs in the mentioned zone. Buy Bharti Airtel Ltd CMP 880.30; Range 877-882; SL 860; Targ...
Stock of the day : Buy Bharti Airtel Ltd For Target Rs.915 - Religare Broking
NIFTY * Nifty traded volatile and ended marginally higher, in continuation to the prevailing recovery phase. * The tone was mixed on the sectoral front wherein FMCG and pharma rebounded swiftly while realty and metal ended lower. * Lacking decisiveness due to the prevailing underperformance of the banking pack, which holds considerable weight. * We thus reiterate to stay focused on stock selection and avoid going overboard. BANKNIFTY * Banking index continued to trade in...
Banking index continued to trade in the narrow range for third consecutive session and underperformed the benchmark index - Religare Broking Ltd
Below Quote Daily Market Analysis 06 September 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets traded volatile and ended marginally higher, in continuation to the prevailing recovery phase. After the flat start, Nifty inched gradually lower in the first half however a strong rebound in the select heavyweights pared all the loss. Eventually, it settled around the day’s high at 19611.05 levels. The tone was mixed on the sectoral front where...
Daily Market Analysis : Eventually, it settled around the day`s high at 19611.05 levels Says Mr. Ajit Mishra, Religare Broking
Oberoi Realty Ltd * We are seeing a steady uptrend in realty sector and Oberoi Realty is leading from the front. * It has been inching gradually higher after the consolidation breakout and trading at record high. * Price action coupled with momentum in realty pack suggests bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone. Buy Oberoi Realty Ltd CMP 1146.25; Range 1140-1150; SL 1105; Target 1235 ...
Stock of the day : Buy Oberoi Realty Ltd For Target Rs.1,235 - Religare Broking
NIFTY Nifty consolidated in a range and ended marginally higher. Sectoral indices traded mixed wherein realty and pharma edged higher while banking and auto traded dull. It has reached closer to the resistance of 19,650, needs participation from banking to surpass the same. Maintain caution in stock selection citing overbought indications, especially in midcap and smallcap space. BANK NIFTY * Banking index traded lackluster in a narrow range yet another day and...
Nifty consolidated in a range and ended marginally higher - Religare Broking
Below Quote Daily Market Analysis 05 September 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets consolidated in a range and ended marginally higher, taking a breather after the recent rebound. After the flat start, Nifty hovered in a narrow band till the end and finally settled at 19574.90. Meanwhile, key sectoral indices traded mixed wherein realty and pharma edged higher while banking and auto traded dull. However, the buoyancy continued...
Daily Market Analysis : Markets consolidated in a range and ended marginally higher Says Mr. Ajit Mishra, Religare Broking
Bank of Baroda Ltd * Bank of Baroda has rebounded strongly from the upsloping trendline support, which it has been holding firmly for last one year. * It has registered a fresh breakout from a base and falling trendline, holding above its key moving averages. * Price action coupled with supportive volumes suggests bullish tone continue. * We thus recommend creating fresh longs in the mentioned zone. Buy Bank of Baroda Ltd CMP 195.90; Range 194-196; SL 188; Target ...
Stock of the day : Buy Bank of Baroda Ltd For Target Rs. 208 - Religare Broking Ltd
NIFTY * Nifty extended rebound amid volatility and gained nearly half a percent. * All key sectors contributed to the move wherein metal, IT and energy were among the top gainers. * Indications are favorable for the further rebound as Nifty has surpassed a trend line resistance while holding above its short term average. * We reiterate our view to focus on stock selection and preferring auto, IT and metal for long trades. BANK NIFTY * Banking index traded lackl...
Banking index traded lackluster in a narrow range and finally settled marginally higher - Religare Broking
Below Quote Daily Market Analysis 04 September 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets extended rebound amid volatility and gained nearly half a percent. After the initial uptick, Nifty oscillated in a range and finally settled around the day’s high at 19,534 levels. All key sectors contributed to the move wherein metal, IT and energy were among the top gainers. Meanwhile, the market breadth was inclined strongly on the advancing side,...
Daily Market Analysis : Markets extended rebound amid volatility and gained nearly half a percent Says Mr. Ajit Mishra, Religare Broking
L&T Finance Holdings Ltd * L&TFH has been in a steady uptrend from last more than 5 months. The upmove is supported with rise in volumes. * It has registered a breakout from descending parallel channel while holding above its short term average i.e. 20 DEMA. * Set to reclaim its previous swing high. Uptick in volumes is adding to confirmation. * We thus recommend creating fresh longs in the mentioned zone. Buy L&T Finance Holdings Ltd CMP 126.35; ...
Stock of the day : Buy L&T Finance Holdings Ltd For Target Rs. 137 - Religare Broking Ltd
NIFTY * Nifty started the September series with a strong rebound and gained nearly a percent. * Most sectors contributed to the move wherein metal and energy gained maximum. * Seeing a tussle around the short term moving averages. Need a decisive close above 19,500 for further recovery. * Align positions accordingly and prefer stocks that are attracting consistent buying. Banknifty * Banking index opened on a flat note and remained strong throughout the session...
Nifty started the September series with a strong rebound and gained nearly a percent - Religare Broking
Quote on Weekly Market Outlook 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets finally ended a 5-week losing streak and gained nearly a percent. The tone was subdued for most of the week but a sharp rebound on Friday helped Nifty to close around the week’s high at 19,435.30 levels. Meanwhile, stability on the global front also played an important role in capping the damage. On the sectoral front, realty, auto and metal posted strong gains in t...
Weekly Market Quote: Markets finally ended a 5-week losing streak and gained nearly a percent Says Mr. Ajit Mishra, Religare Broking Ltd
Below Quote Daily Market Analysis 01 September 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets started the September series with a strong rebound and gained nearly a percent. After the positive start, Nifty traded from strength to strength and settled around the day’s high to close at 19,453.30 levels. Most sectors contributed to the move wherein metal and energy gained maximum. The market breadth also ended strongly on the advancing sid...
Daily Market Analysis :Markets started the September series with a strong rebound and gained nearly a percent Says Mr. Ajit Mishra, Religare Broking
Kotak Mahindra Bank Ltd * Kotak Bank has been underperforming within the private banking space, after the failed attempt to surpass the hurdle at 2000. * Seeing selling pressure after the breakdown of its previous swing low at 1820. * After a minor breather, it reversed finding resistance around its short term average i.e. 20 DEMA suggests weakness in trend. * We thus recommend creating short positions through the Put option. Buy Kotak Mahindra Bank Ltd Recom. BUY...
Stock of the day : Buy Kotak Mahindra Bank Ltd For Target Rs. 54 - Religare Broking Ltd
NIFTY * Nifty traded volatile on the monthly expiry day and lost nearly half a percent. * Mixed moves continued on the sectoral front. Realty and IT edged higher while energy and FMCG witnessed pressure. * Seeing a gradual fall in the index however buoyancy on the broader front combined with selective buying across sectors is compensating in the interim. * Continue with the stock-specific approach until we see a decisive sign of reversal in the index BANK NIFTY ...
Nifty traded volatile on the monthly expiry day and lost nearly half a percent - Religare Broking Ltd
Below Quote Daily Market Analysis 31st August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets traded volatile on the monthly expiry day and lost nearly half a percent, in continuation to Wednesday’s fall. Meanwhile, mixed moves continued on the sectoral front wherein realty and IT edged higher while energy and FMCG witnessed pressure. On the broader front too, we witnessed a similar tone as the smallcap gained nearly half a per...
Daily Market Analysis : Markets traded volatile on the monthly expiry day and lost nearly half a percent Says Mr. Ajit Mishra, Religare Broking
Jamna Auto Industries Ltd * Jamna Auto is one of the consistent performers within the auto ancillary basket. It has been maintaining a steady uptrend since September 2020 and made a new record high at 133.15 in July 2022. * It had a year-long corrective phase thereafter and retraced to the support zone of medium term moving average (100 EMA) on the weekly chart and formed a base. * After the initial rebound, it formed a higher base above short term moving average (20 EMA) on th...
Midcap Medallion: Buy Jamna Auto Industries Ltd For Target Rs.135 - Religare Broking
Indian Hotels Company Ltd * We are seeing consistent buying in select Hotel counters and Indian Hotel is trading in sync. * Witnessed a fresh breakout from a consolidation range. Holding strongly above 20 EMA. * Price action coupled with strong volumes suggests bullish tone to continue. * We recommend creating fresh longs in the mentioned range Buy Indian Hotels Company Ltd CMP 416.65; Range 414-417; SL 404; Target 440 To Read Complete Repor...
Stock of the day : Buy Indian Hotels Company Ltd For Target Rs. 440 - Religare Broking Ltd
NIFTY * Markets traded volatile and ended almost unchanged amid mixed cues. * A mixed trend continued on the sectoral front wherein metal and realty posted decent gains while energy and banking remained subdued. * Nifty failed again to reclaim short term moving average i.e. 20 EMA despite positive global cues. * Reiterate our view to maintain a negative view on the index and stay stock-specific citing the prevailing outperformance of the broader indices. BANK NIFT...
Banking index opened on positive note, but witnessed selling pressure as the day progressed and lost over half a percent - Religare Broking Ltd
Below Quote Daily Market Analysis 30 August 2022 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets traded volatile and ended almost unchanged amid mixed cues. After the gap-up start, the Nifty oscillated in a narrow band and selling pressure in the final hours trimmed all the gains. Consequently, it closed around the day’s low at 19,347.45 levels. Meanwhile, a mixed trend continued on the sectoral front wherein metal and realty posted decent gai...
Daily Market Analysis : Markets traded volatile and ended almost unchanged amid mixed cues Says Mr. Ajit Mishra, Religare Broking
NIFTY * Nifty remained range bound for the second consecutive session and ended almost unchanged. * A mixed trend on the sectoral front kept the traders occupied wherein realty and metal posted decent gains while FMCG and pharma settled marginally lower. * A decisive close above short term moving average i.e. 20 EMA, is needed to ease the pressure. * We reiterate our view to stay stockspecific and keep a check on leveraged trades. BANK NIFTY * Banking index tra...
Banking index traded lackluster in a narrow range and closed unchanged - Religare Broking Ltd
Below Quote Daily Market Analysis 29 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets remained range bound for the second consecutive session and ended almost unchanged. After the flat start, Nifty traded in a narrow band and finally settled at 19340 levels. A mixed trend on the sectoral front kept the traders occupied wherein realty and metal posted decent gains while FMCG and pharma settled marginally lower. Meanwhile, continued b...
Daily Market Analysis : Markets remained range bound for the second consecutive session and ended almost unchanged Says Mr. Ajit Mishra, Religare Broking
NMDC Ltd * NMDC has been gradually inching higher from past more than a months, after breakout from a bullish reversal price pattern. * The stock rebounded higher finding support around its pivotal high, while holding above its short term moving average. * Set to cross the previous swing high and inch higher. Uptick in volumes is adding to confirmation. * We thus recommend creating fresh longs in the mentioned zone. Buy NMDC Ltd CMP 122.55; Range 121-123; SL 117; Targe...
Stock of the day : Buy NMDC Ltd.For Target Rs.132 - Religare Broking Ltd
NIFTY * Nifty started the week on a volatile note and settled with modest gains. * Mixed trend continued on the sectoral front. Realty and pharma posted decent gains while IT and FMCG closed in the red. * It is a normal pause after the recent fall. Continue with negative bias in the index. * Meanwhile, stocks are offering opportunities on both sides. Stay focused on stock selection. BANK NIFTY * Banking index outperformed the benchmark index and gained over hal...
Nifty started the week on a volatile note and settled with modest gains - Religare Broking Ltd
Below Quote Daily Market Analysis 28 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets started the week on a volatile note and settled with modest gains. After the initial uptick, Nifty inched gradually higher but profit-taking in the final hours trimmed the gains. Consequently, it settled at 19306 levels; up by 0.20%. We saw a mixed trend on the sectoral front wherein realty and pharma posted decent gains while IT and FMCG closed in the ...
Daily Market Analysis : Markets started the week on a volatile note and settled with modest gains Says Mr. Ajit Mishra, Religare Broking
UltraTech Cement Ltd * ULTRATECH has formed distribution pattern i.e. Head and Shoulder pattern, suggests bearish to continue ahead. * The stock has given breakdown from its short term moving average i.e. 50 DEMA. * The price pattern coupled with bearish sentiment suggests prices are likely to remain under pressure. * We thus recommend creating short positions through the Put option Buy UltraTech Cement Ltd CMP 34.00; Range 33-35; SL 10; Target 84 ...
Stock of the day : Buy UltraTech Cement Ltd For Target Rs.84 - Religare Broking Ltd
NIFTY * Nifty traded under pressure and lost over half a percent, in continuation of Thursday’s decline. * All sectors traded in sync with the benchmark. Realty, metal and pharma were the top losers. * Breached the crucial support of short term moving average i.e. 50 EMA. Indicates the tone to remain negative in index. * Mixed trend is intact on the sectoral front. Plan trades accordingly. BANK NIFTY * Banking index traded volatile in a range after gap down opening...
Banking index traded volatile in a range after gap down opening and lost over a half percent - Religare Broking Ltd
Markets consolidated in a range and settled lower for the fifth successive week, mainly pressurized by weak global cues. The tone was positive for most of the week but a decline in the final sessions pushed the index in the red. On the benchmark front, both Nifty and Sensex settled closer to the week’s low at 19265.80 and 64886.50 respectively. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein banking, financials and IT pack witnessed recovery while energy and...
Weekly Note : Markets consolidated in a range and settled lower for the fifth successive week Say`s Mr. Ajit Mishra, Religare Broking Ltd
Below Quote Daily Market Analysis 25 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets traded under pressure and lost over half a percent, in continuation of Thursday’s decline. Initially, Nifty opened gap-down and remained range bound till the end. It finally settled around the day’s low to close at 19265.80 levels. All sectors traded in sync with the benchmark wherein realty, metal and pharma were the top losers. And, w...
Daily Market Analysis : It finally settled around the day`s low to close at 19265.80 levels Says Mr. Ajit Mishra, Religare Broking
HDFC Bank Ltd * HDFC Bank has been declining consistently, after the failed attempt to surpass the resistance zone of 1750 mark. * It has recently breached the support zone of its long term moving average i.e 200 DEMA at 1600 levels and inching lower. * The stock has been trading below all its key moving averages suggests weakness in price trend. * We thus recommend creating short positions through the Put option. Buy HDFC Bank Ltd CMP 25.50; Range 24-26; SL 15; Target...
Stock of the day : Buy HDFC Bank Ltd For Target Rs.45 - Religare Broking Ltd
NIFTY * Nifty traded volatile on the weekly expiry day and ended in the red. * Most sectors were aligned to the trend wherein energy and pharma were the top losers. * Failed to hold above 20 EMA. Expect selling pressure to resume below 19,300. * Meanwhile, traders should avoid aggressive positions and prefer hedged trades. BANK NIFTY * Banking index opened on a positive note but pared all its early gains and finally settled on a flat note. * Mixed trend was ...
Nifty traded volatile on the weekly expiry day and ended in the red - Religare Broking Ltd
Below Quote Daily Market Analysis 24 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets traded volatile on the weekly expiry day and ended in the red. After the initial gap-up opening, Nifty extended gains in early trades but selling pressure in heavyweights pushed the index lower as the day progressed. Eventually, it settled around the day’s low at 19386.70 level; down by 0.3%. Most sectors were aligned to the trend wherein energy an...
Daily Market Analysis : Markets traded volatile on the weekly expiry day and ended in the red Says Mr. Ajit Mishra, Religare Broking
Larsen & Toubro Ltd * We are seeing a steady uptrend in Capital goods stocks and LT is leading from the front. * Stock has been gradually inching higher from last 3 months, holding above its short term moving average .i.e 20 DEMA. * It has witnessed a fresh breakout from a brief consolidation indicating next leg of up move. * We thus advise buying Call option in the mentioned zone. Buy Larsen & Toubro Ltd CMP 38.60; Range 36-39; SL 20; Target 72 To...
Stock of the day : Buy Larsen & Toubro Ltd For Target Rs.72 - Religare Broking Ltd
NIFTY * Nifty traded volatile and ended marginally in the green, in the absence of any major trigger. * Strong rebound in the banking and financial majors kept the tone positive while the majority traded flat to negative. * Both Nifty and the banking index are at 20 EMA now. Their alignment and a decisive breakout would be critical for further recovery. * Reiterate our view on maintaining focus on stock selection. BANK NIFTY * Banking index outperformed the ben...
Banking index outperformed the benchmark index and gained over a percent - Religare Broking Ltd
Below Quote Daily Market Analysis 23 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets traded volatile and ended marginally in the green, in the absence of any major trigger. The beginning was subdued but recovery in the middle helped the Nifty to retest hurdle at 20 EMA around 19,470. But, it couldn’t surpass that resistance and eventually closed at 19,444; up by 0.25%. On the sectoral front, a strong rebound in the banking and fina...
Daily Market Analysis : Markets traded volatile and ended marginally in the green, in the absence of any major trigger Says Mr. Ajit Mishra, Religare Broking
Havells India Ltd * HAVELLS has been in a steady uptrend from last 8 months, trading in an upsloping parallel channel. * Formed the base while holding above the support zone of medium and long term moving average i.e. 100 and 200 DEMA. * The price pattern combined with the uptick in volumes indicates bullish tone to continue. * We thus recommend creating fresh longs in the mentioned zone. Buy Havells India Ltd CMP 1320.85; Range 1315-1320; SL 1280; Target 1400  ...
Stock of the day : Buy Havells India Ltd For Target Rs.1,400 - Religare Broking Ltd
NIFTY * Nifty traded range bound and ended almost unchanged amid mixed cues. * Mixed trend on the sectoral front kept the traders occupied. Metal, FMCG and Auto attracted buying while banking and IT ended subdued. * We see the recent rebound as a counter move within the corrective trend. * Meanwhile, mixed trend across sectors is offering opportunities on both sides. Plan trades accordingly. BANK NIFTY * Banking index traded in narrow range and ended on a flat ...
Nifty traded range bound and ended almost unchanged amid mixed cues - Religare Broking Ltd
Below Quote Daily Market Analysis 22 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets traded range bound and ended almost unchanged amid mixed cues. After the marginal uptick, the Nifty oscillated in a narrow band and finally settled around the day’s low to close at 19396.45 levels. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein metal, FMCG and auto attracted buying while banking and IT ended subdued. ...
Daily Market Analysis : Markets traded range bound and ended almost unchanged amid mixed cues Says Mr. Ajit Mishra, Religare Broking
Hindalco Industries Ltd * The stock has been gradually inching higher from last 5 month, forming series of higher highs and lows. * It has rebound higher from its medium term moving averages .i.e. 50 DEMA * Registered a breakout from small base with noticeable volumes and looks set to reclaim its previous swing high. * We thus advise creating fresh longs in the mentioned zone. Buy Hindalco Industries Ltd CMP 449.40; Range 447-451; SL 436; Target 478 ...
Stock of the day : Buy Hindalco Industries Ltd For Target Rs. 478 - Religare Broking Ltd
NIFTY *Nifty started the week with an uptick and gained nearly half a percent. * Tone was mixed on the sectoral front. Metal and IT posted decent gains while auto and banking traded dull. * Participants shouldn’t read much into intermediate rebound or a pause. Wait for decisive close above 19650 levels or a reversal pattern. ? Meanwhile, continue with stock-specific trading approach and maintain focus on risk management. BANK NIFTY * Banking index remained v...
Banking index remained volatile in the defined range and finally settled marginally higher by 150 points - Religare Broking Ltd
Below Quote Daily Market Analysis 21 August 2023 By Mr. Ajit Mishra, VP - Research, Religare Broking Ltd Markets started the week with an uptick and gained nearly half a percent. After the initial choppiness, Nifty maintained a positive tone for most of the session however profit taking in the end trimmed some gains. Eventually, it settled at 19383.60 levels; up by 0.43%. Meanwhile, the tone was mixed on the sectoral front wherein the metal and IT posted dec...
Daily Market Analysis : Markets started the week with an uptick and gained nearly half a percent Says Mr. Ajit Mishra, Religare Broking
IndusInd Bank Ltd * Indusind Bank forming a distribution pattern i.e. Head & Shoulder pattern, suggests bearish tone to continue ahead. * It has recently breached its short term moving average i.e. 20 DEMA and gradually drifting lower. * The recent price action coupled with bearish momentum among the banking pack indicates, prices are likely to remain under pressure. * We thus advise buying Put option in the mentioned zone Buy IndusInd Bank Ltd CMP 37.00; Range 35-...
Stock of the day : IndusInd Bank Ltd For Target Rs. 60 - Religare Broking Ltd
NIFTY * Nifty oscillated on both sides and ended lower, in continuation to the prevailing tone. * Majority of sectors felt the heat. IT, realty and pharma were among the top losers. * Fresh weakness in the US markets is largely weighing on the sentiment however the pace of decline is still capped. * Prudent to book some profits and maintain a few shorts also. Next crucial support at 19,100. BANK NIFTY * Banking index traded lackluster in narrow range and ended ...
Nifty oscillated on both sides and ended lower, in continuation to the prevailing tone - Religare Broking Ltd
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