Sharp surge seen in US markets yesterday but European markets sharply down after weak opening today and neutralized positive impact of US markets yesterday rally.
All the European markets are in Red and 4 markets are 1% to 2.25% down,its direct impact on Indian markets therefore steep falls after opening of European markets.
Nifty traded in positive zone more than 3 hours between gap of 09-04-2012(5287.90-5305.30) even after poor INFY results but could not digest the jolt from European markets and slipping to steep fall seen in Indian markets after European markets opening.
Sharp down moves and now following supports are hopes for Bulls:-
1- 5192-5205
2- 5175
3- 5136
All the European markets are in Red and 4 markets are 1% to 2.25% down,its direct impact on Indian markets therefore steep falls after opening of European markets.
Nifty traded in positive zone more than 3 hours between gap of 09-04-2012(5287.90-5305.30) even after poor INFY results but could not digest the jolt from European markets and slipping to steep fall seen in Indian markets after European markets opening.
Sharp down moves and now following supports are hopes for Bulls:-
1- 5192-5205
2- 5175
3- 5136