Nifty trading in rangebound

Topic :- Time:1.10 PM

Nifty is turning volatile now. Nifty spot if manages to trade and sustain above 4865 then market can show some recovery and if Nifty spot breaks and trade below 4845 then some profit booking can follow in the market. The market breadth is positive with advances at 1043 against declines of 368 on the NSE.

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Topic :- Time:12.10 PM

Nifty is still trading in green zone. Nifty spot if manages to trade and sustain above 4870 then we can see some more upmove in the market and if Nifty spot breaks and trade below 4860 then some profit booking can follow in the market. The market breadth is positive with advances at 1032 against declines of 353 on the NSE.

After a flat firm opening Nifty is now trading in rangebound. Nifty spot if manages to trade and sustain above 4870-4880 then we can see some recovery in the market. On the other side if Nifty spot breaks and trade below 4840 then some profit booking can follow in the market. However 4800 will act as immediate minor support for the Nifty. The market breadth is positive with advances at 867 against declines of 355 on the NSE.