Trade Setup: Nifty showing no signs of a let-up; short-term support at 13,800
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Synopsis
The levels of 14,050 and 14,110 will act as potential resistance points while supports will come in at 13,910 and 13,860.
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Monday s session is likely to have a quiet start to the day again.
In a narrow-ranged session on Friday, the domestic equity market stepped into the new year on a quiet note, consolidated in a strong way and ended the day with a modest gain.
After a positive start, headline index Nifty stayed in the green throughout the session. However, the market remained within a very limited and defined range for the entire day. It showed some strength in the second half of the trade, but the last hour saw some paring of gains which kept the overall gains under check. Nifty closed on a modestly positive note, gaining 36.75 points or 0.26 per cent.