All the global markets closed positive and some with good gains yesterda\y but Indian markets under performed and was the only market which closed in Red. Nifty traded most time within 5375-5410 in last 2 days and Nifty finally slipped and closed below it at 5364 yestetrday. All trends are down Nifty traded below 5400 in last 2 sessions and if Nifty sustains below 5400 today then 5400 breaking down will get confirmation and in that situation 5200 will be seen.
Intraday charts of last 2 days are showing selling indications within 4375-5410 in last 2 days and if follow up selling develop today in Newd based and global markets led voltality expected day then it will be confirmation of fresh fast down move minimum toward 5200.
Firtly trading between last 2 sessions range(5375-5410) and finally closing below it in Red expected today.
