With the year end expiry nearing, the volatility in the markets can only rise.
As discussed yesterday, the Nifty traded range-bound through most part of the session, before closing near the day's high point. Today, the nifty is likely to open down, and mostly stay down, before the expiry jitters set in.
As the volumes, have depleted greatly in the trade yesterday, any technical analysis would lead to skewed findings, as they will not be supported by the trading sentiment.
Hence, we would not hazard a guess at market movements for the day, and would prefer to wait on the sidelines, before the next direction of the market becomes clear.
Happy Trading !!!
For cash market recommendations see our Daily Pre Market calls on NSE
As discussed yesterday, the Nifty traded range-bound through most part of the session, before closing near the day's high point. Today, the nifty is likely to open down, and mostly stay down, before the expiry jitters set in.
As the volumes, have depleted greatly in the trade yesterday, any technical analysis would lead to skewed findings, as they will not be supported by the trading sentiment.
Hence, we would not hazard a guess at market movements for the day, and would prefer to wait on the sidelines, before the next direction of the market becomes clear.
Happy Trading !!!
For cash market recommendations see our Daily Pre Market calls on NSE
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