As expected today market gapped up today. It looked like we would see 3-4% kind of gain today. But closing was poor at the best. Since the starting of the market, i don't see any strong force to go up. All major Nifty Stocks have the same behavior. They all ended up lossing their most of the daily gains and closed the the bottom of the pile which is not a good sign for long term movement. we should see Nifty going down little tomorrow.
I am not excited about todays closing, it shows the weakness in the market. No need to create long term position at this point. This is a day traders market but they will have problem making money as its called a royal choppy market....
Play safe and have a good trading to all
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