Stocks in concentrate: Reliance Industries, Antony Waste Handling, Jubilant FoodWorks, IDBI Bank
The initially trading session of 2021 could commence on a flat note with a positive bias as Nifty futures on the Singapore Exchange had been trading flat on Friday morning. Dalal Street enters the new year on the back of a record-breaking gaining streak with Nifty 50 just getting accomplished 14,000 levels in the preceding trading session. “The short term trend remains up, but is looking tired. Markets could therefore consolidate in a range for the next few sessions. Short term supports to watch for a trend reversal are at 13864,” mentioned Subash Gangadharan, Technical and Derivative Analyst, HDFC Securities.