Indian markets showed its nervousness today after Union Govt. rolling back decision of FDI in Retails and slipped more than 1% after opening today. Nifty slipped below 5000 as welll as support of 5003 also has been broken down therefore next support range(4920-4950) testing possibility is high and this range should be watched.
Market is not moving only on technicals but reacting above mentioned news also therefore sustaining beyond mentioned support range will be next moves confirmations.
Market is not moving only on technicals but reacting above mentioned news also therefore sustaining beyond mentioned support range will be next moves confirmations.