Lack of momentum and movement at current levels

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See what other CNBC-TV18 anchors have to say Nifty BSE | NSE 30/05/12 Are Mutual Funds betting on Nifty?

Market cues:

The market is bracing itself for the better because it looks like the market is moving up. But after any pause for 4-5 days, and little bit of softness in the global markets, people always ask themselves a question whether this time, we could go down a little bit because we haven't been going down at all. Markets have come to that crossroad on the evidence of what has happened in the last couple of months, the chances will still be 80:20, that 80% the market would break out when it has to move out of this consolidation phase, with a 20% chance that it might actually go down.

Predicting the market for a week and a day is just a game of probability and chance and luck as well. So probably, if you are playing that kind of prediction game on probabilities, then you will have to give it an 80:20 kind of probability that the market will breakout once again although not for the day because it doesn't look so rosy globally.

So you might have another flat subdued day with a little bit of red at some point in the day. But that said, markets have paused now and people will ask themselves a question again on whether once again we will manage to break out some time next week and take out another 100-200 points in the Nifty. Probably, one would have to go with precedent and recent history but at some level, people would be asking that question once again. So it is that no man's land, no trade zone in the market after the last four days.