Global markets are showing depressed mood because Dow's Futures is 36 points down after negative closing yesterday and almost all the Asian markets are in Red and some are more than 1% down but Indian markets are out performing today and trading only .30% down as well as Mid cap and Small cap Indices are in Green.
Some recovery seen from lower levels but could not sustain at higher levels and now trading below 5900. Previous support range(5916-5932) broken down and most time trading below it. Although view is still Bearish but Indian markets are outperforming today therefore valid break of today trading range(5883-5921) should be firstly watched for next immediate moves confirmations.
Some recovery seen from lower levels but could not sustain at higher levels and now trading below 5900. Previous support range(5916-5932) broken down and most time trading below it. Although view is still Bearish but Indian markets are outperforming today therefore valid break of today trading range(5883-5921) should be firstly watched for next immediate moves confirmations.