A lackluster day at the market. Very directionless and could not break the strong resistance of 6327. It keep returning from there and took support at the 6302 level. IT shares began well but then closed well below day high and WIPRO crashing into negative territory. Infy kept returning from 3770 spot level seems this will become a major point of resistance and we could see a break down from there. TCS will do a rerun of what it did yesterday after undergoing a correction today.
Where is the market headed to , the upper side is capped at 6350 maximum and we could see it going down soon to 6240 spot level. And may head even lower before closing.The only trigger left is the RBI policy which may or may not lift the market.This will be dealt with latter as we come closer to the event.We now have the results of some heavy weights due and in coming days can see them changing the direction of the market.
Where is the market headed to , the upper side is capped at 6350 maximum and we could see it going down soon to 6240 spot level. And may head even lower before closing.The only trigger left is the RBI policy which may or may not lift the market.This will be dealt with latter as we come closer to the event.We now have the results of some heavy weights due and in coming days can see them changing the direction of the market.