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Markets Are Trading In A Range With No Clear Direction

Nifty traded in a range for the 9th trading session till yesterday, the Index made high of 10647 and closed at 10616. Nifty has been trading in a range of 200 points from last 9 consecutive days from 10440 to 10645. Nifty Smallcap Index is following Nifty and has been trading in a range of 173 points from 6167 to 6340 from last 9 trading sessions. If these indices break their respective range high or low we might get a clear direction in the market. FII and Pro bought 72050 contracts in Index option in the current expiry.

The US 10 Year T-Note is trading at 118.86. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.86.

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