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NIFTY SHOW- MILD BOUNCE

Nifty closed in green with a  mild gain of  22 points.But the market breadth was negative to 680 advances to 785 declines.From past many weeks markets are  consistently bouncing off  from the 5170-80 levels,and  today also markets followed  the tradition.TCS results came up as afloat for the markets,but the question arises till when?.Beside this rest all  things are having a dampening effect.
                                                                                                    This is an expiry week ,keeping this in view markets are expected to remain choppy.Expiry below 5200 more precisely 5150 is likely for the bears to take over.The markets are still trading below the short term DMA levels.Watch for the levels discussed yesterday going forward to trade efficiently.

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