Dow's futures is more than 100 points,all the Asian markets closed in Red,all European markets are also 1% down. Indian markets are also weak and trading within 5470-5500 with intraday support within 5470-5480 today. Last 2 sessions consolidation within 5500-5530 and today negative trading is only the impact of Qaddafi Strikes on Oil Targets.
As intraday charts not showed selling today and support at lower levels also therefore until Nifty will not dip and sustain below below 5470 till then view will not be bearish. Technically bullish indications but worsening geopolitical situation is main hurdle. View is bullish and let some more bullish confirmations come then will be posted accordingly.
As intraday charts not showed selling today and support at lower levels also therefore until Nifty will not dip and sustain below below 5470 till then view will not be bearish. Technically bullish indications but worsening geopolitical situation is main hurdle. View is bullish and let some more bullish confirmations come then will be posted accordingly.