On the back of a strong intra-day volatility, the market may witness side-ways movement.
The market is likely to witness sideways movement on the back of a strong intra-day volatile move. Stocks across the sectors along with heavyweights may gyrate sharply. Mixed Asian markets in mornings trades may further dampen the investors' sentiment. On the technical side, the Nifty has a stiff resistance at 4400-4440 levels and the downside strong support at 4330-4290, while the Sensex could test higher levels of 14700 and has a likely support at 14400.
US indices was closed on Monday on account of Labor Day.
Daily trend of FIIs / MF investment in equities
On August 30, 2008, FIIs were net sellers of stocks to the tune of Rs-242 crore while domestic mutual funds were net buyers of stocks to the tune of Rs83 crore.
