Market Wrap Up : For the day traders now, buying on dips and sell on rallies would be the ideal strategy says Shrikant Chouhan, Head Equity Research, Kotak Securities
![](https://portfolio.investmentguruindia.com/uploads/news/Broker_5.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on Market Wrap Up by Shrikant Chouhan, Head Equity Research, Kotak Securities
Today the benchmark indices witnessed lackluster activity, the nifty ends 44 points lower while the Sensex was down by 220 points. Among Sectors, buying were seen in selective Pharma and Metal stocks whereas Reality index lost the most shed over 1 percent. Technically, after muted opening entire day market hovered between 22860-22998/75100-75580.
We are of the view that the current market texture is non directional. On the down side 22800 -22750/74900-74700 would be the key support zones while 23000-23100/75500-75700 could be the crucial resistance areas for the day traders. For the day traders now, buying on dips and sell on rallies would be the ideal strategy. However, below 22750/74700 the sentiment could change. Below the same, traders may prefer to exit out from the trading long positions.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/india22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manish Chowdhury.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Suman Bannerjee.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/farm22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/karnal22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrey Jain.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Economy.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ajit Mishra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/GV_Singapur.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/fdi22.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Broker _16.jpg)
Pre market comment Deven Mehata, Research Analyst, Choice Broking
![Market Quote : Concerns reigned over upcoming FED policy, interest rate trajectory and rising oil prices Says Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com/uploads/news/9dad3e1ae8b7d8de0991ec23bcdd97a2.jpg)
![Market Quote : The market`s gap-up opening today, offsetting the losses of the past three days Says Mr. Vinod Nair, Geojit Financial Services](https://portfolio.investmentguruindia.com//uploads/news/Broker_8.jpg)
![Pre-Market comment by Deven Mehata , Research Analyst, Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/Broker _19.jpg)