As Indian markets out performed Global markets yesterday therefore it was updated in all Mid-session Outlooks and Nifty traded sideways first 4 hours between 5603-5635 with lower levels supports and higher levels selling yesterday. Although Nifty slipped below 5603 but after sharp fall in all European markets and US Futures therefore it was sentiment driven down move and now Nifty is trading above 5603 immediately after little improvement of Global sentiment today.
As Indian markets out performed Global markets and got intraday supports above 5603 yesterday therefore firstly sustaining it beyond should be watched today and should be kept in mind that bounce back/Pull Back rally will be considered only after valid break out above 5635.
As Indian markets out performed Global markets and got intraday supports above 5603 yesterday therefore firstly sustaining it beyond should be watched today and should be kept in mind that bounce back/Pull Back rally will be considered only after valid break out above 5635.