Trade Setup: Market is consolidating; use any bounce to protect profit now
The domestic equity market saw a mild correction on Friday. On the last day of the week as well as month, Nifty opened on a mildly positive note. But after trading in a defined range in the initial hours, the index drifted into the negative territory. The headline index continued to drift slowly without much volatility and ended with a mild decline of 28.70 points, or 0.26 per cent.
Nifty failed to move past the 11,300-11,350 zone, which has emerged a stiff hurdle for the near term. Volatility …
