Going ahead, markets may witness a tug-of-war between bulls and bears in the near-term.
Benchmark equity indices BSE Sensex and NSE Nifty ended flat on Friday ahead of macroeconomic data later in the day.
Key equity indices BSE Sensex and NSE Nifty reversed gains and hit fresh intraday low in mid-afternoon trade.
Markets in China, Japan, South Korea and Taiwan were closed for holidays.
Market experts believe the Nifty is likely to stay rangebound unless there is a decisive breakout above 15,250
According to him, banks and financials will be in focus in 2021. He also believes in the auto space, investors can keep Maruti and Bajaj Auto on radar
Experts feel Nifty has good support at 14,800
Select stocks in the BSE500 index delivered multi-fold return to small investors amid the ongoing rally on Dalal Street since the beginning of FY21.
Domestic equity markets are likely to open higher on Tuesday tracking firm Asian cues.
A growth-oriented Budget presented by the FM Nirmala Sitharaman on February 1 further aided the domestic equity market.