Gautam Duggad, Head of Research at Motilal Oswal, analyzes the recent earnings season, noting a slowdown in growth, particularly impacted by commodity sectors. Despite this, he sees potential in industrials, driven by government capex spending. While Nifty valuations offer limited room for expansion, Duggad suggests that market consolidation could create opportunities for growth in the coming year.
Tech View: Nifty breaches 200 DEMA, signalling bearish sentiment. How to trade on Tuesday
The Nifty faced selling pressure, closing below 23,700 and breaching the 200-day EMA, signalling a bearish trend. Failure to hold current levels could see support