Although some Asian markets are positive but both major Indices(Nikkei and Hang Sang) are in Red as well as Nikkei is more than 1.75% down therefore sentiment is weak today morning and negative opening will be seen in Indian markets. Although good recovery seen from lower levels yesterday but intraday selling and mixed patterns were also seen therefore follow up consolidation is required for decisive up moves above yesterday high.
As per our view some stream is still left and more up moves are also expected in the coming sessions but view is cautious today because fresh cross Border firing news from Indo-Pak Border. Nifty will firstly trade between yesterday range(6019-6068) and prepare for next moves,follow up moves and its valid break out will also be watched.
As per our view some stream is still left and more up moves are also expected in the coming sessions but view is cautious today because fresh cross Border firing news from Indo-Pak Border. Nifty will firstly trade between yesterday range(6019-6068) and prepare for next moves,follow up moves and its valid break out will also be watched.