Range-trading continues in the settlement. The long-term pattern remains bearish. The institutional attitude was negative last week, with both FIIs and DIIs selling. The rupee slid below 50 against

The market made a decisive downside breakout registering a succession of new 52-week lows. Once the support at Nifty 5,450 was broken, the market slid to 5,054 within a few sessions. Volumes and

The market held above support at 5,475 but it seems to have a bearish bias. Volumes and volatility remain high. Institutional attitude has been net positive but the volumes have been taken. There's

The Nifty has maintained what seems to be an intermediate uptrend through the June settlement. It bounced and is currently consolidating in the range of 5,600-5,700 after establishing a sequence of

The short-term trend is range-trading between support at Nifty 5,450-5,500 and resistance between 5,600-5,650. The long-term trend is down. We'll have a clearer picture of the intermediate trend