US Markets closed in positive.
Dow Jones was up .85%.
Nasdaq was up 1.87%.
Prime Minister addressed nation yesterday at 4pm. Thought no major announcement was made related to markets.
Technical Setup for Nifty50
Yesterday Nifty50 was trading range-bound for most of the session but we saw good profit booking at the end of the closing hour.
Nifty took good support at 10270 and rebounded 30+ points.
Support 10270-10280, 10180, 10000
Resistance 10330, 10410
We can expect some short covering only above 10400 levels.
FIIs Data
FIIs have booked some of their shorts yesterday but they have again sold heavily in the cash market. They are selling continuously for the last 4 sessions.
Therefore we can expect the market to remain range-bound till expiry.
