Markets would be dull right now: : Devang Visaria

Devang Visaria, Chief Strategist, devangvisaria.com, comments on the July inaugural series in a chat with ET Now.

Your comments on the inaugural series of July?

Devang Visaria: Right now we are just correcting from those 5350-5400 resistance range. On the downside, 5200-5150 could be the likely target for this decline. 5150 would be the very crucial point for me on the downside.

If we were to crack below 5150, then there could be serious pressures back to 4900 or so, but if we are to hold 5150, you will attempt to retest 5400 on the higher side. Right now, markets would be dull and more of stock-specific activities in the market are likely.