As most Asian markets are weak and some are .75% to 2.10% down and sentiment turned weak today morning therefore negative zone trading immediately after opening today. Nifty is trading within last Friday trading range(6172-6221) amid depressed sentiments because good supports seen within this range,firstly sustaining beyond this range should be watched for next immediate decisive moves confirmations. Following line was told yesterday in previous Outlook:-
Today lowest is at 6176.15 and firstly sustaining it beyond should be watched for last Thursday started correction continuation/completion.
strong signals of strength on 03-01-2014 and complete selling is required for sustaining below the day's lowest(6172)
Today lowest is at 6176.15 and firstly sustaining it beyond should be watched for last Thursday started correction continuation/completion.