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Published on 13/07/2019 9:50:39 AM | Source: Religare Securities Ltd

Nifty traded volatile in the passing week and lost over two percent - Religare Sec

Posted in Top Stories| #Market Outlook #Religare Securities Ltd

 

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* Nifty traded volatile in the passing week and lost over two percent. Mixed global cues and overbought positions trigger profit taking across the board.

* In line with the benchmark index, mostly sectoral indices witnessed decline and ended lower. Conditions were sluggish on the broader front too. We feel, market participants should keep a close watch on the on-going earnings, movement of crude prices and currency for the next directional move.

* Considering the overall situation, we reiterate our cautious bias on Nifty and advise traders to stay light and hedge their leveraged positions. 

 

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