Markets are entering the second half session today with Nifty trading absolutely flat at 8960/63 Spot levels. This is the second trading day of the month and markets are still finding directions. As it was discussed yesterday, a failure at 8996, would be encouraging for bears and March series could remain bearish. Nifty inching higher at this moment of writing.
Bank Nifty is already down more than half a per cent point and March futures are trading at 20,050 levels for now. Shall be waiting to see the end of day today and possibly tomorrow to form a convincing trade strategy.