Business
Nifty is poised to move higher as trend continuation may be seen but investors should wait for consolidation or pullbacks
Updated : Mar 13, 2019, 05:50 AM IST
A bull market as post breakout buying continues and may come in at lower levels/pullbacks. It is suggested to buy on dips as we have already seen an extended move and risk-reward may not seem healthy.
DLF, Bharti Airtel, IndusInd Bank, L&T and ICICI Bank.
Financials, Energy and Industrials.
The breakout seems decisive as the breadth is much better as compared to its history. Nifty is poised to move higher as trend continuation may be seen but investors should wait for consolidation or pullbacks.
A very bullish sentiment that resulted in a window (gap) for second consecutive day led by buying in financials, energy and consumer cyclical and non-cyclical.
Mustafa Nadeem, CEO, Epic Research