'Nifty's direction will be clear once it breaks the range of 14,500-14,800'

It is better to take stock-specific approach as the Nifty index is likely to remain choppy. Midcap and Smallcap Indices are expected to outperform

Nifty in a choppy trend; Markets expected to remain stock specific bullish
 

The Nifty continued to remain choppy in a narrow range on Tuesday with sector-specific rotation going on. IT and Pharma sectors have shown the strength while financials have shown weakness. Nifty remained in the range of 14,500 to 14,800 for the fourth consecutive session, ending up with no directional indication. It is better to take stock-specific bullish approach. Midcap and Smallcap Indices are expected to outperform. That apart, the IT index is likely to see sustained uptrend. Index Direction will be cleared once we see Nifty breaking the