FII continous buying even yesterday in a falling market in cash, also better than expected IIP numbera and market taking support at 200 DMA of 5838 are positives for the market , however USDINR finding support at 63.4 as stated before and if the market trades below 5830 levels for sometime could see downside till 5750 which is next major support level. Trading above 5900 is positive and fresh buys can be considered.
We could see a sideways market atleast for today as we have seen huge rally and consolidation is required at these levels for the market to make next move either as we are expecting couple major events next week.
We could see a sideways market atleast for today as we have seen huge rally and consolidation is required at these levels for the market to make next move either as we are expecting couple major events next week.
No comments:
Post a Comment