Monday, February 11, 2019
MARKET SUMMARY 11 FEB 19
Markets are currently struggling under global
pressure, The sensex
ended at 36,395, down 151 points, while the Nifty settled at 10,889, down 55 points, due to continuing
US-China trade war and continuous fund outflow. market as investors turned risk
averse due to upcoming election. On local front, earnings also failed to
trigger the needed directional move. The underperformance of broader markets
clearly indicates lack of appetite for risky bets. In such scenario, we advise
preferring index majors over others and limiting leveraged trades. Quarter
results have not surprised investors while scope of downgrade in earnings
further dampened sentiment. If index fails to hold the 10,850 level, then
profit booking could continue towards the next support at 10,777 zone
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