NIFTYBANK: Crash, Cash and Confidence.

2000 points up move, 4000 points down move, 2000 points up-move.

Roller Coaster. It is stationary revolution. For sure, confidence in the short term is on the back foot, adhoc longs will get wipeout in the fall if any. While incremental rise will get its profit taking friend.

No one would like to own, when there is absence of path what and how the new composition in the Government of the day will move forward.

The narrative blurs, the path if not reversed is truncated.

Coalition, of Collusion, the collective huddle is not that easy for the markets to absorb as of now, that can happen down the line.

The fall and the rise, or the rise and the fall, whichever way one looks to brings back this one into the known range. Difficulty perceives a vertical rise or fall as of now.

Suffice to say big picture 47000-51000 as the range.

Intra-day 49350 should hold the rise while 48200 is the support. Bigger support 47600, if that goes then the doubts arise on the sustainability of the up move.

With expiry of NIFTY today, markets may remain muted, with sell on the rallies as the possible path. Remember this index fell more than any other Index.