Indian equity markets are likely to start the week on a muted note. Ahead of Monday’s session, SGX Nifty was in the red, signalling flat to negative start for benchmark indices Nifty 50 and Sensex. “Markets have been showing tremendous resilience amid tough global conditions however it would be hard to hold if the situation deteriorates further. We’re eyeing 17,000 as a major support in Nifty while 17,800 would continue to act as a hurdle. We recommend restricting positions to select sectors and stocks which are outperforming the benchmark,” said Ajit Mishra, VP – Research, Religare Broking. Stocks in focus …
