After two days of range-bound movements, today is likely to be another day of range-bound action as the global cues are muted. While the Dow closed at a record high, breadth was subdued, and the Nasdaq dropped on Yahoo! blues. Indian ADRs declined on the Wall Street on Wednesday. Infosys was down nearly 2%. The Asian markets are trading on a weak note. The Nikkei is down over 1% at 17412, and the Hang Seng is also down over 1% at 20,500.The crucial first support for the index for the day is around 13,611 and the major support comes in around 13,592. The first resistance is around 13,733, and if the index moves above 13,771, the day is likely to end with gains on the street.
