Monday may see a bounce back in all the indices with nifty trying to inch towards 18400 and bank nifty towards 44000
Technically the markets are ought to remain in a consolidation phase with sectoral movements in stocks
On the lower side 18200 remains as strong supports for the markets on nifty and 42800 acts as a good base for bank nifty with viable resistance at 44500 and 18600 respectively
We are bullish on bharti airtel , itc , insurance companies , power and auto for the coming session
Commodities remains a buy on dips in base metals , energy and bullions
Yearly mega festive rebate
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