As all the Asian markets are now trading more than 1% down after more than 1% Red closing of all the European and US markets therefore sentiment is completely depressed today morning and gap down opening will be seen in Indian markets.
whole day down moves in Bullish Falling Channel was seen yesterday therefore Pull Back rally was expected today but crashing like situation in all Global markets and Indian markets may trade whole day in negative zone today. As follow up selling with sustaining below yesterday lowest(8441.30) is must for fresh down moves therefore first 3/4 hours intraday trading patterns should be firstly watched today for next Short Term Trend confirmations.
whole day down moves in Bullish Falling Channel was seen yesterday therefore Pull Back rally was expected today but crashing like situation in all Global markets and Indian markets may trade whole day in negative zone today. As follow up selling with sustaining below yesterday lowest(8441.30) is must for fresh down moves therefore first 3/4 hours intraday trading patterns should be firstly watched today for next Short Term Trend confirmations.