Almost all the Asian markets in Red and some are more than 1.5% down also therefore sentiment is weak and negative opening will be seen today. Nifty traded between 4788-4866 yesterday with intraday consolidation patterns and may slip below also yesterday lows under Asian markets influence but until Nifty will not sustain below 4788 till then further down moves will not be considered.
Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.
Expected that Nifty will firstly trade between 4770-4820 and finally sustaining beyond this range will be next trend confirmation.