Markets have been sluggish for quite a few days now with nifty drifting lower to factor in a price and time correction. The 5340 to 5320 level remain the crucial support levels for the market beyond which stands the all important level of 5170.
Price volume trend of nifty suggests accumulation by smart money at current levels.
Hardly anyone now out there expects the market to break the 5600 resistance. The sentiment is bearish.
Nifty has narrowed its range and may oscillate between 5350 and 5450 for the time being. Break of the range will give a good move and an early indication of change in trend and momentum.
Till then trade as per levels.
Price volume trend of nifty suggests accumulation by smart money at current levels.
Hardly anyone now out there expects the market to break the 5600 resistance. The sentiment is bearish.
Nifty has narrowed its range and may oscillate between 5350 and 5450 for the time being. Break of the range will give a good move and an early indication of change in trend and momentum.
Till then trade as per levels.
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