Monday starts with green note... 

                              The market is trading in the range of 5300 and 5400 and the Nifty needs to give a closing above 5400 for 2-3 days before the uptrend will resume For the week, an important level is 5376 and for today, the market needs to remain above 5383 in order to remain positive. 

                     The pre-opening session of the market begins with the Nifty and Sensex indicating a start in the green today.

                     The Indian market opens for trade the first day of a new week on a flat note while Asia is in the green at this hour. Sensex is trading at 17764, up 15 points from its previous close, and Nifty is at 5378, down 2 points  The market breadth is positive with advances at 495 against declines of 224 on the NSE.

                     After a flat start, the market is now trading lackluster and sluggish. Sensex is at 17701, down 47 points from its previous close, and Nifty is at 5361, down 19 points. CNX Midcap index is down 0.1% and BSE Smallcap index is also down 0.1%. The market breadth is negative with advances at 593 against declines of 672 on the NSE.

                     At noon, the market is still in negative terrain with the Sensex at 17714, down 34 points from its previous close, and Nifty is at 5367, down 13 points. CNX Midcap index is up 0.1% and BSE Smallcap index is up 0.4%. The market breadth is negative with advances at 686 against declines of 694 on the NSE. 

                     Profit booking keeps the Indian market in the red, led by realty stocks. Sensex is trading at 17722, down 26 points from its previous close, and Nifty is at 5371, down 9 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.1%. The market breadth is negative with advances at 671 against declines of 744 on the NSE

                               The market is likely to continue to move in a 200-point range so hold on to long positions in the Nifty which has sound support at 5320-5330,Book profits at 5500.

                                The market has now picked up steam and moved into the green though it is trading with marginal gains. There is more stock-specific action in trade today. Sensex is at 17774, up 26 points from its previous close, and Nifty is at 5386, up 5 points. CNX Midcap index is up 0.3% and BSE Smallcap index is also up 0.3%. The market breadth is positive with advances at 729 against declines of 695 on the NSE.

                               As long as the market stays above the Nifty level of 5290, then the strategy should be to buy on all declines.