The Nifty opened with the gains of nearly 20 points and traded within the small range of 30 points throughout the day while Sensex opened with the gains of around 30 points and traded within 70 points tight range for the day showing gradual buying and participation of the traders at higher levels.
The market is looking moderately bullish as the bulls are still in control of the bears, supported by gradual upwards moving momentum indicators on the daily charts and traders should be very cautious at these higher levels whereas any dip should be treated as an opportunity of going long.
The market is looking moderately bullish as the bulls are still in control of the bears, supported by gradual upwards moving momentum indicators on the daily charts and traders should be very cautious at these higher levels whereas any dip should be treated as an opportunity of going long.
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