Traders can use the dip to create long positions in Nifty futures around 17,100 levels for targets of 17,600-17,750. One can use 16,900 as a stop loss for this long trade. On the sectoral front, we expect auto, banking, financials, power, and capital goods to outperform, while IT, FMCG, and metals can be the laggards.
Sacheerome IPO opens today: Check GMP, price band and other details
Sacheerome’s IPO opens on June 9, aiming to raise Rs 61.62 crore through a fresh issue of equity shares, with listing on NSE SME platform