Indian equity markets traded with a cautious undertone as the benchmark Nifty surrendered most of its early gains highlighting the lack of fresh momentum. Despite the intraday weakness, technical analysts believe the broader trend remains constructive, with the current phase largely reflecting consolidation rather than a reversal.
Speaking to ET Now, Vinay Rajani from HDFC Securities said the market is moving within a well-defined range after forming a long-leg doji candlestick pattern last week, indicating indecision among market participants.
