However, states will not opt for a complete lockdown like last year, but high valuation will lead to a phase of short-term consolidation.
Rupee saw volatile session as the financial equity markets too, were in first half bears had the upper hand inequities, and the rupee was weak in tandem, but later half rupee strengthens due to buying interests in banking and equities, helping rupee scale towards 75.00 after touching 75.35 in the morning session.
The index has formed a good base near 14460-14350 zone if managed to sustain the above-said levels we may see northward move towards 14700-14800 zone which is an immediate and strong hurdle on the higher side.
The short-term technical condition of the market shows that the expected range of the market is likely to range between 14300 and 14800.