Short Term Trend is sideways after 23 Sessions most time trading between 5639-5733 with higher levels good selling between 5692-5733 and lower levels good supports near 5639. As sentiment was subdued today morning due US Futures weak trading and Dow's Futures trading more than 100 points down therefore Indian markets also slipped but traded whole day within above mentioned 23 Sessions trading range as well as got support also at 5641.
Although Indian markets traded whole day in negative zone but intraday patterns are not showing selling pattern and today down moves are due to weaker global cues also.
Indian markets are still range bound between 5639-5733 with lower levels supports and higher levels selling,just get next trend confirmation through sustaining it beyond.
Although Indian markets traded whole day in negative zone but intraday patterns are not showing selling pattern and today down moves are due to weaker global cues also.
Indian markets are still range bound between 5639-5733 with lower levels supports and higher levels selling,just get next trend confirmation through sustaining it beyond.