Buy or Sell | Nifty likely to remain range bound; buy Tata Motors, Mindtree

  • 5 years ago
It is a stock specific market and a liquidity driven market. I am expecting some sectorial rotation in the coming series. One can look at metal, auto, technology and pharma sectors. I am expecting range bound move, 11,550-11500 will act as an important support whereas on the higher side, 11,750-11,800 will act as a resistance. I am cautious on rate-sensitive sectors. Probably one can see dip in Bank Nifty to 29,000 level whereas 30,500 will be the resistance level, says Rajesh Satpute, Associate Director- Research, LFS Broking.

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