Having moved below the immediate support of the 10-day EMA at 19,940 levels now, the market is expected to slide down to the lower 20-day EMA around 19,780 levels in the coming sessions, according to analysts.
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and
Market expert Nischal Maheshwari advises investors to focus on fundamentals amidst market volatility. He notes large-cap growth remains single-digit, banks are poised for margin improvement,
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