Nifty: Karnataka results are out... Howz it gonna be?

Markets participants are keeping their cards open. All Market participants are kind of net neutral position before the event.

We might still be kind of range bound as participants are playing a wait and watch kind of game...

Not worth playing for a range bound market....At the same time, Currently we are near 76.4% retracement level so not comfortable going long.... but also there are no signs of panic which would have given confidence to short...

Positional players can wait for a trend to emerge.
We are close to getting one... Patience would be tested here as Markets may be tempting...

Important levels which may act as Support and resistance for the day are given in the chart.


Take care & safe trading...!!!