No clear trend seems to be emerging for Nifty. INR continues to remain under
relentless pressure vis a vis the USD.
Any pullback in Nifty upto 6030 -- 6050 levels should be used to initiate fresh
shorts. Market bias will continue to remain negative for some more time.
• Alkem Labs may react negatively on Tuesday as it received inspection report from US FDA for Baddi facility with 3 observations.
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