It was expected that Indian markets will not adversely react Mumbai seraial blasts but clear nervousness seen today. Indian markets under performing global markets due to blasts and Nifty slipped below yesterday consolidation range lowest of 5557.
Nifty sustaining below 5557 will mean more down moves and sharp declines because that will be confirmation of all trends turning down. As good consolidation between 5557-5575 yesterday therefore sustaining below is must and will be watched also today for next down moves confirmations despite Mumbai blasts.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
