Indian equity benchmarks are grappling with persistent selling pressure as technical strategists warn that the market’s recovery remains sluggish.
The broader trend revival is proceeding at a slow pace, leaving investors in a difficult position where hope for a rebound from lower levels is intact but execution is challenging.
Technical analyst Raja Venkatraman has outlined a defensive trade strategy for July 2, recommending three specific stocks to navigate the current volatility.
The market’s inability to sustain upward momentum suggests that trends remain curtailed, limiting opportunities for aggressive positioning.
This cautious stance reflects a broader sentiment among technical traders who see the current environment as one of consolidation rather than breakout.
With the market failing to establish a clear directional bias, investors are advised to focus on stocks with stronger technical support levels.