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Analysts predict Nifty consolidation between 25,850-26,300; investors advised caution.
Summary
The Nifty is expected to consolidate between 25,850 and 26,300 in the coming weeks, according to analysts. Investors are advised to be cautious and selective, focusing on buying dips and booking profits in the current market scenario. HDFC Life and BPCL are highlighted as potential strong performers.
Key Points
- Nifty is expected to consolidate between 25,850 and 26,300.
- Indian markets opened muted.
- Broader markets face strain.
- Investors are advised to be selective.
- HDFC Life and BPCL identified as strong performers.
Full Article
Indian markets opened muted, with Nifty hovering near 26,000 as momentum cooled post-record highs. Broader markets face strain, prompting caution. Analysts suggest Nifty will consolidate between 25,850 and 26,300. Investors are advised to be selective, buying dips and booking profits, with HDFC Life and BPCL identified as strong performers.
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