The markets seem to have made a bottom and are consolidating in the range of 4700-4800. From here on every 100 points on Nifty the market will encounter resistances.
Its a traders market with these small moves. Till we close above 16500 Sensex/4900 Nifty the chances of a good upmove are very meek.
Shipping Stocks seem to have consolidated and one can keep a watch on GE Shipping for a target of 290.
Have a great trading day,
Regards,
Rahul T
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