Market to remain choppy, trade with range mentality: Mitesh Thacker

In a chat with Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on market closing.

ET Now: Your own sense since we are counting down to this series close.

Mitesh Thacker: Coming few days could be more choppy and we might not see higher levels being made in the short term. Very clearly this market possibly will consolidate. It appears to me 7500 would be the top and it will be a difficult level for the Nifty to get pass in the next one or two weeks.

Also, the first support level is around 7200 to about 7220 and in case we break that, then around 7050 so these are the levels we will start working with. The idea will be to trade the market according to a range mentality, buy on lower levels around the support areas and look to exit on bounce back rallies or when the market is closer to the higher end of the range.