Nifty in broad range 10300-10600

Money Times - - Market Outlook - By Ro­han Nalavade

The mar­kets are very volatile and the Nifty will move in a broad range of 10300-10600. If any of these lev­els are breached on ei­ther side, ex­pect a 400-500 point move­ment in that di­rec­tion this month. No fresh move­ment will be seen un­til the Nifty breaks this range. So, take light po­si­tions in the mar­ket and ac­cu­mu­late small quan­ti­ties of good stocks like Yes Bank, Ju­bi­lant Food­works, etc. which have shown pos­i­tive moves for trad­ing.

It is im­por­tant for the Nifty to cross 10600 for sell­ing pres­sure to ease oth­er­wise the sen­ti­ment will re­main neg­a­tive as global mar­kets have also started to panic. The US mar­kets cor­rected sharply last week. Crude oil prices seem to have sta­bi­lized. But if it starts ris­ing again, the mar­kets will once again come un­der pres­sure. There­fore, be cau­tious. 1050010600 lev­els can be used for sell­ing with a stop loss of 10645 for fresh lev­els of 10350-10300. Among stocks,

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