Despite consolidation, Nifty50 chart set-up better than Bank Nifty: Jay Thakkar
The Nifty50 has remained stable, while the Bank Nifty has seen negative divergence for over a week. The chart set up for the Nifty50 is better, with a target of 18,750-18,800. The Bank Nifty will remain positive while it holds at 43,500 levels, with a target of 44,500-44,800. Sharekhan by BNP Paribas expects no changes in the Monetary Policy Committee's recommendations. Financials could outperform with anticipation of rate cuts in the coming months. DLF and Sobha show potential in the realty sector, and RIL could rebound after finding support at Rs 2,300.
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