Markets may open flat as bulls likely to take a breather
After Nifty recording a new peak on Friday, mainly on Reliance strength, the markets are expected to begin the new week marginally lower. Asian markets in early trade on Monday indicate weakness, as the US market is closed for a holiday on Monday.
The SGX Nifty is currently at 15,442, against the Nifty June futures close of 15,463.85, indicating a 20-point gap-down opening.
Analysts said though the undertone remains strong, after a strong rally, bulls may take a breather.
According to Joseph Thomas,…
