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Sidelines are fine

<p>Current scenario dictates that you play the waiting game to reap rewards later</p>

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Nifty closed at 9,788 on Friday. It was slightly weaker and is likely to remain in this range for some more time, with support at 9,636 and 9,425 and resistance at 9,844 and 9,950. Major domestic macro data is weak and along with a weak technical set-up of the indices, it also suggests bears may continued to rule the market.

Trucks returning over the Friendship Bridge, from the North Korean town of Sinuiju to the Chinese border city of Dandong. North Korea's antics are making the markets jittery. Pic/AFP
Trucks returning over the Friendship Bridge, from the North Korean town of Sinuiju to the Chinese border city of Dandong. North Korea's antics are making the markets jittery. Pic/AFP

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