Nifty opening with gaps , sleeping initial hours ,moving mid day again start sleeping last one hour. this looks nifty's routine these days . Hard time for index intraday traders.
Charts suggest again today looks one more dull day. 5880 and 5940 Breakout can show us some good action.Niether positional player nor Intraday player enjoying in this market. better to turn trading stocks.
5903 key level for the day. Above that buyers and below that sellers will dominate. Today expecting a sell off till 5850 at least. Friday factor and Oil bounce could lead the trigger for that view. Safe traders stay away from Index and play stocks where we are witnessing very good moves.
Happy trading !!!!!!!
Jay
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