Today,we must thank to firm global cues, we expect a higher opening and another choppy day. Can’t call it Christmas shopping, though! On the whole, the current lackluster trend is expected to continue. The Nifty will find some support and could surpass the 5000 mark again. The near-term trading range may be between 4900-5100. The right thing appears to be really on a long holiday. The key indices have gone nowhere in the past 3-4 weeks and the trend has been extremely dull.
Traded volume too has tapered off and is likely to remain low in the face of the upcoming holidays.Volatility will prevail given the murky outlook and F&O expiry next week. Stock centric action will continue based on the news flow. Short term traders are likely to take profit at every rise. A major break down is ruled out for now but avoid risky bets. Don’t read too much into what goes in the market these days as bulls and bears both seem to be lacking conviction.
