today nifty traded in range bound also broken 200 DMA but managed to close above that level. Market may start 250-300 point in one way, day by day it coming down very slowly ,from next month onwards companies will announce their annual results so some volatile will remains in our next one month trade.
technically market weak now, nifty close below 200 DMA for 2 - 3 days then we may see 4900 levels very soon. if it manage to above that level then before april expiry we may see 5500-5600 levels. we expecting nifty will take direction which are up or down may decide in one or two days....
so we will wait for the trend.........
thanks & regards
