Although whatsoever happened in indian stock markets in previous days all that I projected well in advance but I mention in that situation when there is certain crucial.
Following lines were told in Pre-open outlook today:-
slipping possibility is also high therefore supports will be watched:-
1- 5410-5415(minor support,its breaking down and moves below 5400 expected)
2- 5310-5340(Gap on 14-02-2011)
Above mentioned supports are not strong and will be blown over after any negative mood after Budget and slipping below 5310 will mean testing possibility of 5177.
I predicted only for down moves today and also told for moves below above supports and same happened,no support saved and Indian markets crashed today.
-Sensex closed 545.92 points down today.
-Nifty closed 174.85 points down today.