DIRECTIONLESS MARKET

Market has no mind of its own and is trading after taking global cues. Its best to trade light at this stage and play the break out. Today's strength is only over NF 3021 for 3034-3052 and break out over 3054 while weakness will remain till it trades below 2998 with bearish break out below 2980-2972. Daily charts are overbought whereas weekly charts are showing some more upside scope.