Good Morning! Nifty is likely to see a consolidation phase from here on, and if it slips below 10,500, the 50-pack may start a fresh leg of downside till 10,330 level, say technical experts. The short-term trend looks weak, but having been placed near its key support, the index could see a small bounce this week. Any such bounce could be a sell-on-rise opportunity. Sectorally, IT, capital goods, energy and media stocks could outperform, while PSU banks, metal and pharma sectors could underperform, say analysts. More on this and why veteran investor Krishna Mamani is warning against aggressive rate cuts in this edition. |
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