Traders Lighten Positions Ahead Of Union Budget 2021: Motilal Oswal
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Motilal Oswal Report
Market started the new calendar year 2021 on a bullish note. Nifty sustained above 14,000 mark from initial sessions of January series and continued its bullish momentum towards 14,750 levels.
Sensex also touched new milestone of 50,000 mark in January. However, the rally of first three weeks got engulfed with sharp sell-off in last five sessions.
Nifty fell by more than 1,000 points from its all-time high of 14,753 and concluded the January series a tad above 13,800 levels, which loss of 1.17 on expiry-to-expiry basis.
January series started with long positions in the system and Bulls kept on adding fresh longs in first fortnight of the series.
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