Markets opened on a flat note, traded in a narrow range and finally closed with a marginal loss. On the daily
chart we are witnessing spinning top for second consecutive trading session. This indicates that the prior trend
is losing steam. In coming trading session if indices trade convincingly below 17320 / 5160 levels then it may
test the 17160 – 17067 / 5130 – 5100 levels. On the upside, fresh momentum could be seen only if indices
trade and close above 17400 / 5200 levels
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