The market is now placed at the hurdle of a down-sloping trendline that connected recent lower highs at 21,725 level. Having shown a false downside breakout at 21,500 level on Wednesday, Nifty is expected to reach up to the upper trajectory of 21,750-21,850 levels in the near term.
Contra bet? Why Rana Gupta sees opportunities in financials at many levels
Rana Gupta from Manulife Investment Management sees opportunities in the financial sector despite mid-cycle challenges. He is cautious about industrial capex driven stocks, considering them