Markets have been moving in a very narrow range for the past few days without any decisiveness. Levels to be watched :
5470 ( recent low), 5565 (closing level after the rbi rate hike).
Any movement beyond these two levels will bring about some momentum. However, as the primary trend remains down break of 5565 on the upside will provide a good shorting opportunity. Market support remains in the range of 5300-5400 and any fall to those levels may see some buying coming in.
Trade as per levels, till then sit tight.
5470 ( recent low), 5565 (closing level after the rbi rate hike).
Any movement beyond these two levels will bring about some momentum. However, as the primary trend remains down break of 5565 on the upside will provide a good shorting opportunity. Market support remains in the range of 5300-5400 and any fall to those levels may see some buying coming in.
Trade as per levels, till then sit tight.
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