In the coming week, we expect the index to trade in the 17200-18000 range amid stock-specific action. Key monitorable will be that Nifty and Bank Nifty both hold their 52-week EMA (17300 and 39200 respectively). While Adani Group stocks have led to declines, index heavyweights from Technology and FMCG space held the Nifty near 17600 levels. Expect IT, Auto, and Infra to relatively outperform in the coming week. 

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Market Wrap with Pankaj Pandey | 4th February 2023

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