Pri Market Commentary ...

Today,we expect market to open in a subdued note but a pull back thereafter can be expected. Due to negative factors, we expect the market to remain under pressure in the near-term. There are more chances of it falling than rallying from here. Technical and F&O indicators too are negative. FII selling has accelerated in the past few days. So, the bulls appear to be cornered from all fronts. Amidst extreme pessimism, a minor pull-back is not ruled out. But, any rally should be looked at a chance to lighten positions.