Market is Rangebound : Bulls and Bears are Fighting Hard to Sustain;Volatility may Persist!!
On Thursday: The Nifty opened Flat and reclaimed 11000 levels in early trading session, but soon it fell down due to profit booking, finally ended in the red at 10957.10. Nervousness can be seen at a higher level, the Index failed to hold 11k. 11000-11080 is acting as a big upside hurdle for the bulls. The index has been shown sideways movement throughout the week. It is moving in a range of 11080 to 10920 levels. Technically,the bulls seem exhausted and upside look capped, any sustainable move in the north side could trigger further pullback and any violation of lower level range will trigger further weakness.... Read More