Trade setup for Thursday

Broader markets also lagged benchmarks, with the Nifty Midcap 50 down 0.95% and the Nifty Smallcap Index down 0.46%. Also Read: Indian stock market: 7 key things that changed for market overnight - Gift Nifty, Asian markets to oil prices However, according to market analysts, the significant positive takeaway was that short covering and value buying propelled Bank Nifty, which completely outperformed the benchmark Nifty 50 and, more crucially, scaled a new all-time high of 5,1957. According to Vinod Nair, Head of Research at Geojit Financial Services, the domestic market has begun on a positive note, owing to an earlier…