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Below Quote Daily Market Analysis By Mr. Ajit Mishra, VP – Research, Religare Broking Ltd
Markets started the week on a robust note and gained over a percent, tracking firm global cues.
After the gap-up start, the Nifty hovered in a narrow range for most of the day and buying in the last hour helped the index to reclaim 18,000 levels. Healthy buying was witnessed across sectors while the broader indices continue to trade mix.
The buoyancy in the global markets, especially the US, combined with favourable domestic cues is helping the markets to maintain the prevailing recovery. And, we expect the Nifty to regain momentum above the 18,100 level. In line with the trend, participants should look for buying opportunities on every dip and avoid contrarian trades.
