Dow's Futures is more than 100 points down and and most European markets opened more than 1.5% down today and all the Asian markets trading as well as closed in deep Red today.
Compltely dampened sentiment since morning today and Indian are also more than 1.5% down and Nifty is trading between 4990-5021 with intraday consolidation patterns as well as intraday supports at lower levels between 4990-5000. Certainly market require complete consolidation for any decisive up move and now further down moves will not be considered until Nifty will not sustain below 4990.
Foloow up consolidation in the coming hours with sustaining above 4990 will mean minimum Pull Back Rally.
Compltely dampened sentiment since morning today and Indian are also more than 1.5% down and Nifty is trading between 4990-5021 with intraday consolidation patterns as well as intraday supports at lower levels between 4990-5000. Certainly market require complete consolidation for any decisive up move and now further down moves will not be considered until Nifty will not sustain below 4990.
Foloow up consolidation in the coming hours with sustaining above 4990 will mean minimum Pull Back Rally.