Hot Stocks: Stay tight as Nifty50 could touch new highs in weeks to come
Episode 1906, Nov 18, 2019, 02:00 AM
The markets ended almost unchanged amid volatility, in continuation of the prevailing consolidation phase that we are seeing in the market.
The mixed trend was witnessed on the sectoral front as well wherein banking helped the benchmark index to hold at the higher levels while others traded mixed.
Indications are in the favour of further consolidation and we expect the Nifty50 to hover within 11,700-12,100 range in the coming week.
Having said that, we feel it is a healthy pause after the recent surge and the overall trend would remain positive. Besides, the buoyancy in the banking index is pointing towards a strong possibility of the Nifty50 testing a new high in weeks to come.