4 stocks in focus today: PONGC, Titan, Berger Paints and SAIL
Nifty has witnessed profit booking over the past two days from the resistance levels of 11400. On the downside, it should hold the support levels of 11070-11100 levels.
Bull market or bear market?
We see profit booking to continue. This is a healthy sign for the market after a sharp up move of 6% in the last month.
Stocks likely to be in limelight today?
ONGC, Titan, Berger Paints and SAIL
Sectors likely to impact market today?
Consumer, IT and PSU Banks will be in focus.
Your mid-term view?
Nifty has witnessed profit booking over the past two days from the resistance levels of 11400. On the downside, it should hold the support levels of 11070-11100 levels.
Watch this Zee Business video here:
What drove markets on Thursday?
Nifty opened lower on back of weak global cues and extended the fall in the last one hour with sharp profit booking in index pivotal and banking stocks with respect to the weekly expiry.
By Vikas Jain, senior technical analyst, Reliance Securities
Source: DNA Money
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