Market Update
Harsh Patel
Founder
Nifty start on a flat to positive note at 26100, amid US market rebound on Friday. 26050 & 25980 are key support levels to watch out, breaching below same may jeopardise Up trend in short-term.

Nifty may attempt to climb above life-time high of 26277 above 26180, OI data suggest market may trade choppy between 26150-26050 in the 1st half.
Signs of sector rotation from high beta sectors like banks & NBFCs, metals to IT, FMCG is visible on charts, IT stocks may do well this week in choppy market however remain vulnerable to sell-offs.
IndiaVix is rising above 13 for the 2nd day is suggesting higher volatility in the market for the week ahead.
Tradzo Research
www.tradzo.in
Click to read full disclaimer


