Geojit Financial Services Ltd

💼 Nifty, which has been trading within the 24,500–25,000 range for about a month, is likely to remain within this range in the near term. 💼 A breakout above 25,000 is possible if positive news emerges, such as a de-escalation or abrupt end to the Israel-Iran conflict. 💼 The downside is well protected, with strong buying interest from domestic institutions likely to emerge on dips. However, if the conflict lingers and crude rises above $85, there is a chance the lower band of 24,500 could be tested. 💼 A key trend observed in the last trading session was the weakness in the broader market, particularly in SMIDs (Small and Midcaps), with the smallcap index falling 2%. This indicates a shift in sentiment due to valuation concerns and global risk-off mood. 💼 The ongoing correction in SMIDs may continue, driven by their stretched valuations and rising volatility. This phase could see a healthy rotation of funds into fairly valued, fundamentally strong largecaps, especially in financials, industrials, autos, and real estate. 💼 Investors can adopt a selective and cautious approach, focusing on quality and stability while using dips as opportunities in largecap space. . . . #StockMarket #Inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets #StockMarket #Inflation #GeojitOutlook #MarketUpdate #InvestmentOpportunity #EmergingMarkets