Today, the global cues are good. The US markets closed near session highs. Asian markets are trading higher.
CNBC-TV18’s managing editor Udayan Mukherjee says, retracement trade has played out globally. He expects the Indian markets to rebound. “There could be couple of days pullback.”
According to him, 4,700 is an important floor. However, Udayan says, it is still early to say that 4,700 is a durable and final low.