Analyst: Markets Remain 'Sell on Rise' Despite Today's Surge; Key Level for Long-Only Investors Revealed
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Markets Surge, But Analysts Warn 'Sell on Rise'; Nifty's Key Levels Revealed
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Moneycontrol•05-03-2026, 18:06
Markets Surge, But Analysts Warn 'Sell on Rise'; Nifty's Key Levels Revealed
•Sensex and Nifty rebounded over 1% on Thursday, snapping losing streaks, driven by global market recovery and signs of de-escalation in West Asia.
•Sensex jumped 899.71 points (1.14%) to settle at 80,015.90; Nifty climbed 285.40 points (1.17%) to close at 24,765.90.
•Rupak De of LKP Securities advises 'sell on rise' strategy remains valid until Nifty decisively moves above 25,000, citing weak broader market structure.
•Sudeep Shah of SBI Securities identifies 24,550–24,530 as important support and 24,920–24,950 as stiff resistance for Nifty.
•Metal, auto, and energy stocks were key gainers, while IT shares remained subdued; midcap and smallcap indices advanced about 1.5%.
