“If the current upside continues, then we are also likely to see some improved performance from the midcaps and the broader markets. It is strongly suggested that shorts may be avoided even if some consolidation happens, that downside must be utilized to make fresh purchases so long as Nifty keeps its head above 17600 levels. A positive outlook is advised for the coming week,” says a market experts.
Adani Green among 2 stock recommendations for Monday
Domestic equities ended flat on Friday as MPC matched market expectations, while supportive measures announced by the RBI Governor helped strengthen the rupee.