Post-market Quote by Mr. Aditya Gaggar Director of Progressive Shares

As anticipated, the markets remained rangebound post the tepid opening and finally settled at 19,694.00 with a loss of 37.80 points. Sector-wise, the IT sector kept on strengthening its uptrend while the Auto sector witnessed a pressure of profit booking. The index has made a small negative candle in the middle of the range (19,850-19,550). We believe that the index is heading towards forming a right shoulder of an Inverted Head and Shoulder formation.