Pre-open Outlook(18-09-2014)
As some Asian markets are down and Hang Seng is more than .90% weak therefore sentiment is turning dampened today morning. As Indian markets are in corrective mode and Short Term Trend is down therefore firstly negative zone trading after Red opening will be seen in Indian markets.
Both buying and selling patterns formation between 7937-7990 yesterday therefore Nifty will firstly prepare for next trend within this range and sustaining beyond this range will be confirmation of next Short Term Trend confirmation and should be firstly watched today because all the Global markets will react on FOMC announcements also today.