Nifty edged up for the second consecutive day and touched the mark of 11700 and was able to close above its 10 Day SMA. This is a very good indication but the overall breadth still looks weak as the overall cues are still mixed. The global cues have been negative as US markets are worried over lower interest rates while it may also hamper the earnings of banking space. While on domestic front Indian equity markets will be eyeing the quarterly earnings. All eyes will be on ACC, Dabur, Hindzinc, Kotak bank, and TVS Motor. A lot of action will be seen in these stocks as they come out with their earnings.
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