"Nifty is certainly trying to build a trading range," said Sudarshan Sukhani of Technical Trends.com. In an interview to CNBC-TV18, he said that in all probability, the market has already begun the consolidation process.
"The broad range for the market to trade can be seen at 4,600-5,000 levels. Although, we are far away from 5,000, and maybe we will end up with 4,600 and 4,850, but 4,600 on the lower side appear to be a reasonable proposition," he explained. Further, on the back of the retail reform, he sees further upside in Pantaloon Retail. "I wouldnDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
