Market Wrap - Nov 26, 2020 - Angel Broking

Mr. Keshav Lahoti - Associate Equity Analyst, Angel Broking Ltd

Indian market rallies in the second half to close up by one percent. Nifty Midcap 100 and Nifty Smallcap 100 also rallied in line with the market. All the sectors participated in the rally except Nifty Energy. The Nifty ended on a positive note for November series expiry by closing around 13,000 level. It will be crucial for the Nifty to remain above 13,000 level for the rally to continue. Global cues are supportive at this point of time for the market. After the sharp rally in the market, we are a bit cautious on the market and advise investors to have 15-20% in cash so that it can be deployed if correction happens in the market due to any negative news flow in the future.