Tug of war continues...Still can take either direction

The tug of war is continuing. Yesterday again there was activitiy around 4300 levels, but bears took charge in the end and were able to bring NIFTY to test 4200 levels.

The volumes have reduced significantly and even market participants are waiting for a move either side before they can take a position.

The dust doesnt seem to settle down so fast and next week being the expiry week, we can see some more erratic action kicking in.

There is also a clear possibility of a sudden move on the upside to trap the late bears of this week and so no position is the best position now.

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Happy Trading
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