The markets are evenly poised between the bulls and the bears. However, with the scales evenly placed, the market direction could change in a flicker; hence Index traders need to be very cautious.
The trading range for the week could be 42347/12471 on the upside and 41589/12247 on the downside.
Stock specific longs along with index puts could be the strategy going forward into the run-up to the F&O expiry & the Union Budget.
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