Regional mostly higher but cautious tone prevailed on profit take activities. HS led +2%, NK +4.5% playing catching after long breaks.DJ futs +38p ahead of bank stress test result.
Cash 1023/-0.5 retreated in pm. FKLI maintained its premium, taking cue form DJ futs.
Market looks toppish now on profit take but underlying tone remains unchanged yet. So, a fresh high could entice buying interest. But I don’t think we will see another convincing fresh breakout for the rest of the week. After all, 1040++ are significant resistance level. Trading-sell if below 1030.
Remember, above 7SMA is still a position-buy mkt
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