Satisfying the need of the hour, Nifty made an opening at its day high of 16757 approx yesterday, and thereafter gradually made a low of around 16447.90 during the day. But, it also somehow managed to give us a stable closing of above 16200, i.e., around 16594.90, in the yesterday’s trading session.
However, there’s still a need to stay cautious today, as we require to witness a closing of above 16200, today as well. So, stay stock specific and do keep a strict watch on the indices closing today.
Also, continue following the cherry picking strategy, as of now.