Weakness deepened in US Futures and in Asian markets in last 1 hour. Dow's slipped 90 points since morning today and is now 285 points dowm. Shanghai Composite(China-SSE) is 3.68% down while it was 0.50% down today morning. Same story in all Asian markets and almost all heavily slipped from intra day highs and trading near today lowest.
Indian markets also slipped from today highs and trading below 5120 since opening today. All the bearish moves of today are depressing sentiments based therefore some more time should be given to market and if Nifty sustains below 5120 tomorrow also then it will be confirmation of 13 months structure breaking down and deep Bear market confirmations as well.
Intraday support seen between 5055-5067 today and this support must be saved for all up trend hopes otherwise nothing left for Bulls except mentioned today support level.
Indian markets also slipped from today highs and trading below 5120 since opening today. All the bearish moves of today are depressing sentiments based therefore some more time should be given to market and if Nifty sustains below 5120 tomorrow also then it will be confirmation of 13 months structure breaking down and deep Bear market confirmations as well.
Intraday support seen between 5055-5067 today and this support must be saved for all up trend hopes otherwise nothing left for Bulls except mentioned today support level.