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Volatility is cooling off. Choppy and narrow trade continued in Nifty
Global volatility is also cooling off and most of the world markets closed in green.
Nifty opened at 10518 with a gap of +64 points and finally closed at 10539.75 with a gap of 84 points.
Current market seems that volatility is easing off so consolidation chances are much higher.
We likely to trade in the band of 10300 to 10700 with the immediate resistance of 10600.
Bank Nifty also trade in the range bound territory of 25200 to 26200.
PSU banks look weak so range bound trade will happen in bank nifty for more few days.
Buying opportunity only on a dip or intraday consolidation breakouts or short selling opportunity only on a rally.
* This material is for information purposes only and should not be constructed as an offer or
solicitation of an offer to buy or sell any securities.