Posted By : Kishore B.S
Today we have the weekly closing. So, today’s closing will give us some cue as whether bulls are winning or bears. As of now it looks equally poised. Not only India, the global markets have also paused. They are waiting for a trigger to break on either side.
If we see the domestic cues, the earning season is just round the corner. So, being stock specific is better than trading in the index. Bank Nifty is again under performig. If Nifty has to break on the upside it has to be supported by Bank Nifty.
As of now it is best to stay out and trade on Monday with a fresh perspective.