"Opening will depend on global cues and expected that yesterday range will be broken down and Indian markets will close in Red and will give next down move indication today.
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As I told 100% same happened and Nifty traded whole day and closed in Red today as well as according to my projection yesterday range broken down today.
-Sensex closed 136.55 points down today.
-Nifty closed 44.95 points down today.
Tomorrow outlook:- Nifty traded most of the time within 6060-6100 today. Sentiment dampened after weak IIP data today and minor intraday support was seen near lower levels today but intraday patterns are showing distribution therefore expected that Today trading levels will be broken down tomorrow after fresh selling patterns.