For the whole day, market has moved just between 5550 - 5570 and has not been giving any direction. Both Bulls and Bears are fighting for the price. No one seems to win the battle.
As advised earlier, do not trade until there is any decisive move.
Market may consolidate further with negative bias only. The trading range may now shift from 5630 - 5720 to 5530 - 5630. Exact move of the market can be seen only after the fight for price movement is won either by bulls or bears. Right now no one seems to have any strong hold and price is moving in either direction.
Either you are long or short, you can loose money either side. Hence just avoid to trade for today. Let us look at the market with open mind tomorrow.
As advised earlier, do not trade until there is any decisive move.
Market may consolidate further with negative bias only. The trading range may now shift from 5630 - 5720 to 5530 - 5630. Exact move of the market can be seen only after the fight for price movement is won either by bulls or bears. Right now no one seems to have any strong hold and price is moving in either direction.
Either you are long or short, you can loose money either side. Hence just avoid to trade for today. Let us look at the market with open mind tomorrow.
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