Hello,
Nifty as anticipated weakened a bit and closed below the 5400 mark. While its still too early to call as to whether we are in the edge of a correction or not, one thing seems to be sure. This settlement shall close around this level and any action will come only in the next series beginning tomorrow.
FII's continued to be bullish and this alone can act as a barrier to any sharp fall from here unless they turnaround and start selling instead of being buyers. With US markets not providing any direction markets can remain rangebound for further period of time until and unless there is some new action that takes the market out of the current trading range.
Regards
Prashanth
Mythri Stocks & Shares Pvt Ltd.,
No comments:
Post a Comment