As Cyprus bailout plans triggered fears of an escalation of the eurozone debt crisis therefore blood bath in all Global markets and Indian markets are also more than .79% weak after gap down opening but outperforming global markets because all other Asian and European markets are .80% to 2.70% down. Nifty is quiet between 5815-5842 and not shown selling patterns therefore Bounce back possibility can not be ruled out and valid break out of mentioned trading range will be next moves confirmation.
Sentiment is completely depressed today and slipping below today trading lows(5815) is possible but sustaining below mentioned levels is must for next down moves confirmations.
Sentiment is completely depressed today and slipping below today trading lows(5815) is possible but sustaining below mentioned levels is must for next down moves confirmations.