It was day of high volatility in Indian Stock Markets. Market witnessed intense selling pressure on the second half part of trading session following downgrade of SBI rating by Moody's. Overall trend of the market is still negative and if Nifty moves and closes below this level then further selling can be seen, because there are no major positive triggers for the market.
For intraday trading tomorrow, trend deciding level is at 4,800. If Nifty shows strength above this level, then rally to 4838-4875 may be seen. On the downside if Nifty trades below 4750 level then selling pressure till 4,710-4,665 may also be seen.
For intraday trading tomorrow, trend deciding level is at 4,800. If Nifty shows strength above this level, then rally to 4838-4875 may be seen. On the downside if Nifty trades below 4750 level then selling pressure till 4,710-4,665 may also be seen.
0 comments:
Post a Comment