Global cues are reasonably good: Deepak Mohoni, trendwatchindia.com

Deepak Mohoni, Director, trendwatchindia.com (Technical Check), in a chat with ET Now, speaks about the market outlook.

What is the call on markets right now?

So far so good, global cues are reasonably good and we are about almost halfway again into that range we have been in for 2 weeks. That has been between 5400-5600, so 5500 is roughly the halfway mark, if we are above that, we get into the top half.

That would be pretty encouraging. It would mean that though we saw 4-5 days of a decline, it has been dealt with quite nicely.