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A short-term base is placed around 10250 in case that is broken, it will take the Nifty to the next support which is placed in the zone of 10050 - 10100. On the higher side, we may see bears getting activated for round two at higher retracement of 10,650 – 10,700The Indian equity markets continue to trade in the range that was set on 6th February which was briefly between 10600 to 10300 levels.
The week started off with Global equity markets recouping the previous week's losses while other major European indices also recovered from their major swings low that was seen in the 1st week of February.
The Nifty inched up in the early session on the back of positive global cues and saw a rebound to close above 10,500. Global markets bounced back on the back of lower level buying.
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