Volatility persists, Structure strengthens<\/strong> – The Nifty remained volatile after opening with a modest Gap-UP backed by positive global cues. Profit booking at higher levels capped the early gains, keeping the index range-bound through the session.<\/p>\n Another Gap-Up opening is likely for Nifty mirroring positive global cues. The index may turn range-bound between 23700 and 23900, with a decisive break on either side likely to determine the next directional move towards 24100 or 23600.<\/p>\n The high and low of 21st May may play a crucial behavioural role in determining the market\u2019s near-term direction.<\/p>\n Improving market structure slightly favours a Buy-on-Dips approach for the day.<\/p>\n However, as long as Nifty trades below the key behavioural shift zone of 23,700, positional traders are advised to avoid aggressive position building and continue following a cautious Sell-on-Rise strategy.<\/p>\n Sectoral Focus<\/p>\n Energy, Finance, Realty, FMCG, IT.<\/p>\n Stocks To Watch<\/p>\n ITC, LIC of India, GAIL India, Aurobindo Pharma, \u00a0Page Industries, Prestige Estates, Engineers India, FSN E-Commerce.<\/p>\n Quarterly Earnings<\/p>\n NTPC, Divis Labs, J.K. Cement, Sarda Energy, HBL Engineering, Rainbow Childrens’ Medicare, Precision Wires, Salzer Electronics, Dollar Industries.<\/p>\n Strict adherence to stoploss levels is recommended across all trades.<\/p>\n Wishing everyone a rewarding trading day ahead!<\/p>\n