Expect Nifty to reverse morning losses, close in the green: Nilesh Jain, Centrum Broking

Indian markets traded with minor losses in early session after a mixed opening, tracking weak global markets cues, although gains in oil & gas and select auto counters limited the downside. Broader indices were seen bucking the trend, with the smallcap gauge rising about 0.5% in early deals. Nilesh Jain of Centrum Broking spoke to Money9 on investors’ strategies in the current market along with select stock opportunities.

“Despite the subdued markets, Indian markets are outperforming global markets. Expect Nifty to close on the positive note today, see a bullish reversal. Expect Nifty to climb to 17,800 first and then move to 18,000. For Nifty Bank, once there is a decisive move above 38,000, then we can expect Nifty bank to go for lifetime highs”, he said.

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