Sensex and Nifty reach records; globally positive. Persistent Systems rose 3.63%, RSI strong, support at 4500/4400. Mazagon Dock up 20%, targets 5200-5500, support 4000, RSI bullish, Higher High, Higher Low trend. Orient Cement rose 0.082%; needs 320 breakout for 350, support 290-280. Avdhut Bagkar of StoxBox recommends actions.
Positive macro already priced in, market needs fresh earnings trigger: Sanjeev Prasad
Kotak Institutional Equities’ Sanjeev Prasad observes the Nifty 50 index is range bound. Valuations are expensive, but macroeconomics are decent. Earnings growth faces challenges from