NEW DELHI: Indian markets are expected to trade in a range on Tuesday tracking muted trend seen in other Asian markets.
Not much of a difference if some was to possibly wonder taking a directional call look at two levels 7950 on the downside and 8100 on the upside
“Unless and until we break beyond 7950 on the downside and 8100 on the upside taking a directional call becomes really tough. Volatility is coming down and therefore it could be a contracting period for the next couplle of days,” says Mitesh Thacker, Technical Analyst, miteshthacker.com.
“Therefore, we might not actually break beyond 7950-8100. But, once it starts getting past these levels it could have some kind of a directional sense below 7950, 7800-7830 which is what we had set for last few days could be a good downside target,” he adds.
