After opening on flat note, Nifty continues yesterday’s positive bias and inched higher to test 5750+ zone as the day progressed. As we have mentioned in our earlier newsletters, it should overcome the resistance
hurdle of 5750 level while sustaining above the same to mark reversal in the prevailing down trend and today it did the same. On sectorial front, Realty and Bankex pivot managed to post considerable gain while majority ended slightly in green to flat in the end. Technically, we might see upward momentum to gain pace but one should cautious on stock specific move and keep trailing stop losses to lock the incurred gain.
hurdle of 5750 level while sustaining above the same to mark reversal in the prevailing down trend and today it did the same. On sectorial front, Realty and Bankex pivot managed to post considerable gain while majority ended slightly in green to flat in the end. Technically, we might see upward momentum to gain pace but one should cautious on stock specific move and keep trailing stop losses to lock the incurred gain.
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