Today, we see another anemic start and a lackluster day. The key indices could continue to rise steadily and make new highs for the year. But, beyond a point they are likely to meet with some resistance. That level may turn out to be around 5200-5300 on the Nifty.
The bears failed to make a big dent last month, but could yet again be licking their lips as the market struggles for direction. The fascinating thing is that every time the bears have attempted a comeback; the bulls have managed to make them run for cover. As a result, stocks are seeing dips and spikes without any significant change in the overall scenario. After a Marvelous Monday things have turned a bit quiet. Traded volume has cooled off from last week. Sensex and Nifty appear to be struggling above 17000 and 5000, respectively yet again. Technical and derivatives indicators are indecisive as well. Stick to stock specific action and keep a close track of relevant developments, both local and global, and you should do fine.
The bears failed to make a big dent last month, but could yet again be licking their lips as the market struggles for direction. The fascinating thing is that every time the bears have attempted a comeback; the bulls have managed to make them run for cover. As a result, stocks are seeing dips and spikes without any significant change in the overall scenario. After a Marvelous Monday things have turned a bit quiet. Traded volume has cooled off from last week. Sensex and Nifty appear to be struggling above 17000 and 5000, respectively yet again. Technical and derivatives indicators are indecisive as well. Stick to stock specific action and keep a close track of relevant developments, both local and global, and you should do fine.
