Asian markets slipped from higher levels and trading in Red therefore sentiment is weaker today morning. Expected that Nifty will trade and prepare for next moves in yesterday range(5502-5540) after flat to negative opening today. As selling at higher levels and buying at lower levels was seen yesterday therefore today range break out and sustaining beyond will be confirmation of today trading positions(buying or selling).
Completely range bound markets therefore final conclusions will be drawn from intraday trading patterns and sustaining mentioned beyond yesterday trading range. IIP data will be declared at 11:00AM today therefore market may be volatile also.
Completely range bound markets therefore final conclusions will be drawn from intraday trading patterns and sustaining mentioned beyond yesterday trading range. IIP data will be declared at 11:00AM today therefore market may be volatile also.