The market failed to show resilience to stay above the Nifty level of 13480-13500. While it is subject to further price action evolution, our research suggests the technical factors are aligned to support a range between 13290 and 13480. Therefore, we advise the short-term traders to use any short-term rally to exit while attempting to buy on dip approach to adopt. The market breadth to deteriorate, indicating the likelihood of higher volatility in the market. Any downwards corrective wave should find buying interest around 13290-13300.
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Resistance: 13550,
13600, 13650
Support: 13450,
13400, 13250
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