Market down but not weak for the day

ET Now caught up with Sandeep Wagle, Founder & MD, Aptart Technical Advisory Services on his views on the markets today.

How would you read the market for a day trader's perspective because sometimes it opens down, then just drifts?

Markets have opened down but it will not tank down 50-70-80 points. It has opened down 15 points, went down to 20 points, now it is 16 points down, there are some stocks which are witnessing buying, MLL for Mercator Lines, that is making a very strong pattern.

So rangebound between 20-25 points, downside possibly may see some buying during the day but not more than an upside of 15 points.