Pre-open Outlook(20-01-2016)
Although Nifty closed 84.10 points up yesterday but we were not Bullish because minor selling was also seen at higher levels and good resistances were lying above yesterday highest therefore we told following line yesterday in "Sideways Market for Next Trend Preparation"
Nifty will trade and prepare for next decisive moves between 7337-7562 in the coming 1/2 sessions
As Dow's Futures is more than 140 points down today morning and resultant Asian markets are 1% to 3% negative therefore much weaker opening will be seen in Indian markets also and valid break down of yesterday lowest(7337) will mean fresh down moves towards 7104/6761.