The market is likely to drift towards the lower end of the Sensex band of 3300-3400
The market made a deceptive recovery on Tuesday after a three day reaction. While the chart pattern looked good in isolation, breadth indicators weren't supportive. We could thus expect another reaction to start soon.
By the weekend, the Sensex closed nominally up by 0.3 per cent last week. The Nifty behaved similarly, moving up 0.8 per cent. While the advance
