On the coronavirus front, investors would continuously watch out government's course of action along with progress on the vaccination drive.
Bullish on the unlock trade in the near term
On the flip side, 17,450 – 17,300 is seen as key support and the first sign of weakness will be seen only if we slip below the same.
"Traders were cautious, as government fiscal deficit touches 31.1% of budget estimates at the end of August"
"Expect some more volatility to continue although 17,350 is the critical support for the Nifty while 17,777 is the immediate resistance"
"Markets have had a one way rally so far but these volatile signs may indicate some consolidation coming up"
The BSE Sensex has been on a rising journey since the Covid lows of March 2020
"While India continues to be one of the better performers in global markets, the short term charts look overbought"
The S&P 500 index and the Dow Jones Industrial Average advanced, but the Nasdaq Composite closed lower.
"In a bull market you will keep getting these minor corrections, you will get consolidations"