Nifty- A cautious approach below 14650
NIFTY’s behavior against the levels of 14650 will be extremely crucial not just for the next trading session, but also over the coming days in the immediate short term.
So long as the Index remains below this point of 14650, there are chances of the markets remaining under broad consolidation for some time.
We recommend staying put with sectors that are showing strong or improving relative strength against the broader markets.
While staying highly stock-specific, a cautiously positive approach is advised for the day.