Nifty again closed on the same range of 5425-5325. We have started getting some negative breadth in this market. That is usual trading behavior, traders don't want to loose their profit made in this last month and its a major move. Congestion usually forces weak hands out of the market as for normal investor/trader its hard to see the confusing news and stuck market together. If we get some light down days at this range, we may see panicking selling and that may force a light pullback in the market.
If market goes below 5229, we can easily see 5000 price range in Nifty.
Big caps are loosing the big demand as they are also stuck in the range.
In this situation, I don't feel comfortable to suggest any trade in this market.
I want market to move out of that 5425-5325 range and we will be, looking for good trading opportunities.
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