Sell-on-rise likely in Nifty, broader market indices: Nagaraj Shetti
Nagaraj Shetti predicts continued weakness in OMCs with eroded upside momentum. Shetty further says that another 5-7% downside in the three OMC stocks is likely. Market lacks buying support, with Nifty facing downside pressure. Small Cap 100 support at 13,200 levels. Sell-on-rise opportunity in NMDC with a downside target at Rs 175.
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