Although deep Red US and European markets closing yesterday but Asian markets are flat to negative and sentiment is quiet today morning therefore Nifty will firstly trade between yesterday trading range(5568-5735). As yesterday down moves were due to sharp fall in all European markets and US Futures therefore if Global markets and sentiment improves today then fast up moves may be seen in Indian markets.
Some recovery from lower levels was seen yesterday therefore follow up moves and sustaining beyond yesterday lowest will be firstly watched today and bounce back/Pull Back rally will be considered now if intraday charts will show consolidations and lower levels supports today.
Some recovery from lower levels was seen yesterday therefore follow up moves and sustaining beyond yesterday lowest will be firstly watched today and bounce back/Pull Back rally will be considered now if intraday charts will show consolidations and lower levels supports today.