Although US markets closed positive yesterday but its futures started slipping since opening today and now Dow's Futures is 50 points down,resultant all the Asian markets also declined from intraday higher levels and all are trading in Red barring Straits Times.
Indian markets also followed Global sentiment and slipped below next trend deciding range(6164-6221). Although next decisive moves confirmation will be after valid break out of 6164-6221 but expected that Nifty will finally sustain above 6221 despite now trading at 6166 because all trends are up and today down moves are only a part of very short term correction as well as today intraday charts are showing consolidation patterns formations.
Indian markets also followed Global sentiment and slipped below next trend deciding range(6164-6221). Although next decisive moves confirmation will be after valid break out of 6164-6221 but expected that Nifty will finally sustain above 6221 despite now trading at 6166 because all trends are up and today down moves are only a part of very short term correction as well as today intraday charts are showing consolidation patterns formations.