Nifty fails to post major gains - Religare

In today's session, Nifty opened on flat note and traded in a narrow range till the end. Though it closed above 6000 mark it failed to post any major gains.

On the other hand, buying interest in Midcap and Smallcap seg-ment kept the traders busy resultant positive market breadth as well. Oil & Gas, Teck, IT and Realty pivot at-tained top slot on sectoral front, as they rose more than a percent each. As we have mentioned earlier also, we reiterate our bullish view but with caution due to the doji candlestick formation in the last three sessions after the breakout.

One should better be with the trend and keep trailing stop losses on regular basis. It's important to watch how Nifty closes on weekly basis in conjunction with global markets for next probable move.

Source : Equity Bulls

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