Indian markets are expected to trade higher on Friday tracking positive trend seen in other Asian markets.
"To me, the current scenario points towards consolidation. Very clearly, the tiredness or the momentum breakdown is happening only on the intraday charts. This is typically a setup which calls for some kind of pause at higher levels.
"It suggests that after having gone through a rally from 7,700 levels to 8300 without any serious correction to about, some profit booking is being attracted at higher levels," he added.
For best update news in the market on nifty future tips, nifty trading tips and all segment connect with us at www.marketmagnify.com or call at 0731661910