Nifty is expected to consolidate, moving range-bound within 200 points until the year-end, with the next up move expected in January. Bank Nifty, on the other hand, may see a correction up to 47,500 levels.
The broader trend in the cement sector remains positive, price action riding along the overall bullish sentiment. While the key benchmark indices underwent tremendous volatility during this phase, shares of UltraTech Cement, ACC, and Orient Cement were formulating accumulation and laying a significant base for the upward rallies
Jyoti Budhia, a trader for nearly four decades, has a cautious and pragmatic approach. For the cash market, her hunting ground is the Nifty 500 and she goes purely by good fundamentals.