The market could not sustain at higher levels and consolidation set in. The Nifty opened higher but saw selling at higher levels. The index ended almost flat with a negative bias. The Sensex closed up 55.52 points at 32241.93.
Meanwhile, the midcaps outperformed the benchmark indices with gains of over 100 points. The Bank Nifty saw subdued end with gains of three tenths of a percent.
Mitessh Thakkar mitesshthakkar.com thinks it is a market which is positively biased, so one can trade with long bias on stock specific basis and once the index breaks into fresh highs that is when you should trade on the index.
Other market experts Prakash Diwan of Altamount Capital Management, Neeraj Deewan of Director Quantum Securities, SP Tulsian and Ashwani Gujral ashwanigujral.com spoke on specific stocks like Tata motors, oil marketing companies, PSU banks, Divi’s Lab, Sun Pharma, Maruti Suzuki and others.For the entire discussion, watch video