Asian markets are down after weaker US cues therefore sentiment is weak and and Indian markets will open weak. Nifty will trade between yesterday range and prepare for next moves. Buying at lower levels and mixed patterns at higher levels yesterday therefore Indian markets have to prepare for any side moves and it will be done near 5500 first.
Sustaining beyond yesterday range(5480-5542) will give confirmation that:-
"Last Friday started correction from 5604 is continued or finished"
Let Indian markets prepare then will be decided from intraday charts formations and will be posted accordingly.
Sustaining beyond yesterday range(5480-5542) will give confirmation that:-
"Last Friday started correction from 5604 is continued or finished"
Let Indian markets prepare then will be decided from intraday charts formations and will be posted accordingly.