As good intraday consolidation yesterday and 3 sessions closing above most crucial level(5965) therefore up moves were predicted and Indian markets bounced also as well as traded most time in positive zone today but sentiment dampened today due to following news:-
1- Heavy Firing on LOC,tension escalation with Pakistan.
2- India takes tough stand on cease fire violation.
3- Pakistan Govt. summoned Indian High Commissioner.
4- Pakistan stopped Indian Trucks and Bus.
5- News of Rajputana Rifles Jawans stopping to take food.
6- Demonstrations all over India against Indian soldiers killing by Pakistan Army.
7- Petroleum minister statement for Diesel and LPG Hike as quickly as possible.
As so much negative news flow today therefore Indian markets could not sustain at higher levels and slipped as well as closed below 5965.
1- Heavy Firing on LOC,tension escalation with Pakistan.
2- India takes tough stand on cease fire violation.
3- Pakistan Govt. summoned Indian High Commissioner.
4- Pakistan stopped Indian Trucks and Bus.
5- News of Rajputana Rifles Jawans stopping to take food.
6- Demonstrations all over India against Indian soldiers killing by Pakistan Army.
7- Petroleum minister statement for Diesel and LPG Hike as quickly as possible.
As so much negative news flow today therefore Indian markets could not sustain at higher levels and slipped as well as closed below 5965.
Detailed analysis will be posted after one or two days because now out of station due to sudden emergency therefore could not update during trading hours also today