It was clearly told that Indian markets are not prepared for any side decisive moves and will prepare for next moves today. Nifty traded whole day between 5024-5060 and could not test mentioned ranges in previous outlooks today.
Minor selling(5050-5060) seen at higher levels and minor support also seen at lower levels between 5024-5030 today.
Indian markets out performed whole day global markets and now trading 1.00% down while US futures is more than 165 points down and European markets are also trading 2% to 3% down as well as all other Asian markets closed 1% to 2.75% down.
Both intraday selling patterns and buying formations but Indian markets out performed global markets today therefore today trading range(5024-5060) break out will be next moves confirmations and should be watched first in the coming sessions.
Minor selling(5050-5060) seen at higher levels and minor support also seen at lower levels between 5024-5030 today.
Indian markets out performed whole day global markets and now trading 1.00% down while US futures is more than 165 points down and European markets are also trading 2% to 3% down as well as all other Asian markets closed 1% to 2.75% down.
Both intraday selling patterns and buying formations but Indian markets out performed global markets today therefore today trading range(5024-5060) break out will be next moves confirmations and should be watched first in the coming sessions.