Indian markets slipping Despite Strong Global markets
Mid-session Outlook(10-07-2015)
At the opening time of Indian markets all the Asian markets were Green and following most Bullish positions of some markets were also seen:-
1- Shanghai was trading more than 5% up
2- Hang Seng was trading more than 2% up
3- Dow's Futures was trading more than 150 points up
As such strong Global market therefore Indian markets opened with some gains but could not sustain at higher levels and started slipping after highest formation at 8376.35. Recent lowest formation at 8323 and next supports are just below it between 8300-8325.
As same formations also today like yesterday that Down moves in Bullish Falling Channel in most heated sentiments therefore firstly valid break out of 8300-8374 should be watched for next trend confirmation which may be for big moves also.
Just go through yesterday posted following topic again to understand intraday charts analysis with market psychology.
Firstly Watch 8323-8374 for Next Trend Confirmation