The markets opened this morning in range of yesterday and near value always an indication that not much of the sentiment changed from the previous day.
So yesterday we had a move up in the first hour, followed by a move down and then side-ways action.
We have a repeat today.
The BN has become even more quieter.
Above value high at 12740, we may see strength.
The side-ways consolidation is good for option writers, partcularly those who have written the 6200.
No real weakness till 6160 is protected. Up above the seller sits at 6225-6248.
