As discussed yesterday, volatility has increased but market is still
Buy on dips.
If see market fell at last hour and again recovered most of the loss.
The nervousness is mainly due to fall in crude prices. At $44, it seems to have
temporary bottom formed and has started showing some bounce. If it opens
above $45 and starts maintaining above it, there could be some good bounce.
Europe and USA markets have given good move, so market would open
positive. Market might remain stable only if it is able to start trading above
8400. So be ready for volatile sessions but the trend would remain positive.
Buy on dips.
If see market fell at last hour and again recovered most of the loss.
The nervousness is mainly due to fall in crude prices. At $44, it seems to have
temporary bottom formed and has started showing some bounce. If it opens
above $45 and starts maintaining above it, there could be some good bounce.
Europe and USA markets have given good move, so market would open
positive. Market might remain stable only if it is able to start trading above
8400. So be ready for volatile sessions but the trend would remain positive.
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