
Though the market has damaged a major base at 15240/51850, it has not fallen additional, which signifies to us that the market has opened a window of consolidation. We may see the market commerce between 15330/52150 and 14950/51250 ranges for one or two days. Under 15170/51550 ranges, Nifty may fall to 15080/51350 or 14980/51250 ranges. A decisive break of 15330/51330, would end in a pointy pullback to 15450/52500 ranges. The technique must be to purchase in deep panic round 15000/51200 ranges with a cease loss at 14900/50900 ranges. The steel shares must be on the watch listing.: Shrikant Chouhan, Government Vice President, Fairness Technical Analysis at Kotak Securities