Posted By : Kishore B.S
The markets failed to hold on to the gains posted during the opening session yesterday, dipping by nearly 100 points from the days high all the way to the 5620 levels.
The technical charts are indicating oversold zone, but the negative cues emanating politically is playing cupid due to which further sell off to the 5400 levels cannot be ruled out.
At current levels it would be best to wait aside and watchout for the direction of the markets……
(Inputs: Basket option Research bureau – Bangalore)