ANews Office: Nifty opened on highs over 11350 and started to fall after opening and traded rangebound during the day due uncertainty over AGR dues from honourable Supreme court. if it sustains 11270 then it can try to reach 11400-11470 if breaks 11200 then lower levels of 10,800 is possible in coming days.
US markets also saw flat working all round day in diminishing hopes of hopes of Mega stimulus package. In commodity side gold & silver saw correction from all time highs and it can continue for few more days. Investors and traders should be cautious and can add good stocks as coming days mid cap can out perform large caps also regular profit booking should be done. Focus should be on defensive shares of IT, Pharma, FMCG and all other sectors will keep on rotating so add only sector leaders.
DISCLAIMER- Views and Levels mentioned above are my personal study and I have every right to be wrong. I am not SEBI registered Financial advisor yet and theses views are for educational purpose hence please take decisions of your hard-earned money by yourself.
Sunand Gopal Kapila, Financial advisor