Although huge fall in Global markets but Indian markets out performed therefore firstly some up moves with positive zone trading seen immediately after opening. As some selling was also seen therefore Nifty could not sustain and slipped into negative zone but lower levels minor support also seen above 7818 today. Following conclusive lines have been posted in previous Outlooks and being repeated:-
sideways trading between 7796-8030 and Nifty will prepare for next trend within and near about this range in the coming sessions and valid break out of this range will decide next big moves confirmation.