Near flat and a dull market today!

Dow jones index at present reacting to a flattish trend today with a modest loss opening. Weakness is visible in the charts but a sideways trend is also visible. 10500-10580 has become a good short-term trading range, where the index was mostly oscillating in past days as well.

A similar pattern came out in Nifty, in indian stock market as well today, with a flattish movement and only some Tea and Steel stocks performed well.

I expect some stability in Dow jones from here on, but i will be watching 10470 closely and see where it goes, but i dont expect any sharp correction in this week.

Best of Luck!