All the Asian markets are .50% to 1.75% down today after weak closing of US and European markets yesterday therefore gap down opening in Indian markets will be seen and Nifty will firstly trade near about 5900. As next supports are between 5854-5900 therefore will firstly hover around 5900 and finally sustaining it beyond will be next moves first strong indication.
Indian markets are preparing for Post Budget moves and big down moves confirmation will be after sustaining below 5854 and any decisive up move will be considered after sustaining above 5985.
Indian markets are preparing for Post Budget moves and big down moves confirmation will be after sustaining below 5854 and any decisive up move will be considered after sustaining above 5985.