The mother market cues are off on the account of 4th of July. Asian markets are trading in the green as dow futures is trading with a 80+ point of gains No significant economic news coming out this week HDFC bank was an under performer as earnings of the crucial quarters would be announced today The performance of HDFC bank will be the markets DIRECTION FII have turned comfortable net buyers for over 850cr and DII have sold for 300cr India vix has fallen below 26 NIFTY can make a big move on the upside which may not sustain for a long time Volatility expected in the next few days
• Trade The overall market trend looks strong but due the under performance of the bank nifty, we can be skeptical Go long towards 10660/10670 Or at 10580/10590 The first hour might be a flat trading market Range 10550 to 10750 NSE:NIFTY