As Fuel price hike news on Business News Channels therefore sentiment weakened and Indian markets slipped after higher levels selling today. Intraday down moves of today are again negative news generated but Indian markets are showing Bullish Falling Channel formation also therefore rally continuation above 6026 hopes are very much alive.
As continuous 2 days market is negative news led and tomorrow INFY Quaterly financial results as well as IIP numbers announcement also therefore high volatility can not be ruled out and trading should be done with strict Stop Loss. Although expected that finally rally will be seen above 6026 after follow up consolidations but sustaining beyond 5965 should also be firstly watched for next trend confirmation.
As continuous 2 days market is negative news led and tomorrow INFY Quaterly financial results as well as IIP numbers announcement also therefore high volatility can not be ruled out and trading should be done with strict Stop Loss. Although expected that finally rally will be seen above 6026 after follow up consolidations but sustaining beyond 5965 should also be firstly watched for next trend confirmation.