On Tuesday, the market opened higher on the back of strong results by the Index giant Infosys but in the later part of
the day the market had erased all the gains of the morning and closed into negative territory below the level 5235. If
we compare the current trading pattern with others in the past then we can say that, this time traders have opened
positions in several stocks and that may invite steep sell-off to the levels 5100/5080 (17050), if it fails to sustain above
5170 levels in the second half of the trading session.
In case the market opens lower to 5170/17330 levels and if it refuses to go below the same in the second half of the
trading session then the market may recover back to median levels 5225/17510 levels
Buying is advisable only on recoveries.
