Dear investors
Markets moved in an absolute narrow range all the day, volumes were low, no volatility,
No momentum at all. It looks that markets are going to be lack luster till year end.
There is neither domestic institutional buying nor FII buying? How log will it continue is not known, probably till F&O expiry, End of the year, or next result season?
One has to keep his fingers crossed till there is some directional move, till that time keep away from active participation in the market.
Nifty has to move above the level of 5980 on closing basis with volume to label that the up trend is continued or has to break 5900 indicating that the bulls are tired.
One thing is certain that Geopolitical, Financial and sentimental conditions do not indicate that something positive will happen. Looks like a state of ‘Suspended Animation’
In such circumstances better to be on the side lines. If there are profitable trades book them, if there are minor losses book them too and remain ‘Light’ on markets till there is some clue.
Technically nothing has changed since 23rd Dec
No fresh calls today
Just watch from sidelines
Thanks
Dr. Vasant Bele
Disclaimer: Views expressed are mine. Take your own investment decisions
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