Market Setup News Today

Rohit Srivastava discusses the market setup and the sell-on rally trend. He mentions that the market has made a series of higher highs and higher lows, but a break in this pattern would indicate a downward trend. He also talks about the performance of PSU stocks, cautioning against buying at the current highs. He shares his view on the realty sector, suggesting that a pullback to 814 on the Nifty Realty Index could be a good support level. Lastly, he mentions that while value may still exist in ...

"Market may take a breather before the next leg of the rally. Overall, the undertone remains positive over the medium to long term given the return of FIIs, strong macro data and healthy corporate earnings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

“Domestic inflows and some easing off within the FII outflows are taking the market higher, The geopolitical uncertainty still remains high and that is likely to impact the markets. On the domestic side, the flows are impacting the market. In addition to that, we expect some kind of volatility may creep into the market because the elections are around the corner.”