Market consolidates further, still better to be with the trend
Trading for the week kick started on a positive note, slightly above 11,700, very much in-line with other Asian peers. However, it looked like a fragile gap up opening and hence, markets started coming off immediately from opening trades. In fact, the selling aggravated as the day progressed and hence, we not only erased early morning gains but also went on to sneak well below key support levels.
During the remaining part of the week, index consolidated within the range of Monday’s session with lot of stock-specific moves. On Friday, we saw

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