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Markets
Charts indicate caution alert
Stock Market
Nifty hovering in non-directional trading
Indices are near the oversold zone
Major support at 58,000- 57,700 range
Nifty ends below 200DMA for 2nd consecutive session
Scattered OI holds volatile trading this week
Wait for volatility to settle, be selective on trades
Medium-term texture indicates sluggish trading
Stick to large-cap stocks
Rupee falls 9 paise to 82.82/$
Avoid long positions for now
Buy on dips, sell on rallies
