9951 will confirm Bear market amid all Global markets crashed after WHO declaration coronavirus a pandemic
Pre-open Outlook(12-03-2020)
As WHO declared the worldwide outbreak of the new coronavirus a pandemic late night yesterday therefore firstly US markets crashed yesterday and all the Asian markets are in deep Red today morning therefore sentiment is most depressed and resultant deeper gap down opening will be seen in Indian markets also.
Although whole day intraday consolidation yesterday and good consolidation between 10295-10392 on 09-03-2020 also but no level will be saved today in such huge crash in all Global markets and now 9951 should be watched because it will confirm Indian markets moving into Bearish phase.