Dow's Futures is more than 70 points down,all the Europen markets futures are also negative and all the Asian markets are also in Red therefore sentiment is extremely depressed today morning and weak opening will be seen in Indian markets.
Indian markets got good support at lower levels(4839-4874) but mixed intraday patterns were also seen between( 4891-4908)last Friday and Nifty will firstly trade and prepare for next moves between last Friday range(4839-4908) and sustaining it beyond will be next moves confirmation.
All trends are down and Indian markets are range bound(4720-5229) for the last 61 sessions therefore intermediate term trend is sideways and break out of last Friday range will be next short term moves confirmation.
Indian markets got good support at lower levels(4839-4874) but mixed intraday patterns were also seen between( 4891-4908)last Friday and Nifty will firstly trade and prepare for next moves between last Friday range(4839-4908) and sustaining it beyond will be next moves confirmation.
All trends are down and Indian markets are range bound(4720-5229) for the last 61 sessions therefore intermediate term trend is sideways and break out of last Friday range will be next short term moves confirmation.