Daily Market Review
Market Pulse: Downtrend
Nifty attempted a brief relief rally but failed to hold gains. After opening higher, markets were volatile through the day, and closed flat. As Nifty closed briefly in the green and in the upper half of the day’s range, today’s action will be considered as a day one of an attempted rally. Hereon, we will look for today’s low (10,338) to hold for another two days before changing the market status to a Rally Attempt. If that happens, we will be looking for a follow-through day.