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NIFTY SHOW- SIDEWAYS MOVE

Nifty ended in green with marginal gains of 18 odd points .The market breadth was positive with 858 advances to 624 declines.The markets opened in sub 5200 levels traded around 5200 for most part of the days ,but sustained.Nifty managed to keep its head above 5200 which is good for the bulls,but the question arises until when it would be able to sustain the support?
                                                                   Current scenario is  markets are moving in the house with hard ceiling and soft floor,Hence fear of downside generates great concern.If at all the dynamic support is broken the downside seems limited as of now.For the downside 5080 hold the key,whereas on the upside post 5350 levels hold the key.The markets are expected to remain volatile amid news events
                                                                                                                  Hence i maintain a cautious view on the markets,with intraday positions ,no positional ones,also the mid-cap and the bank-nifty is expected to outperform in coming days.Sector specific stocks can be recommended as individual sectors are likely to out perform.Watch the markets closely for the next few days as it could witness some vital impending breakout move.Agile traders can make out of this volatility.

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