1.U.S.Markets:- Fell intra by 8%, but bounced off their lows to close 3.6% down.
2.Asian markets :- Mostly off their lows (at 8.00 A.M)& Sgx Nifty is + 20 points.
3. Nifty is expected to trade down to up for the day.Larger trend remains down.
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If Nifty has to keep the bullish scenario, the rally must commence in the region of 3500-3550 zone. Failure to find support at these levels will open the more bearish scenario leading to more severe falls.
1 comment:
Dow down by almost 800 pts!! wonder what our markets would be like tomorrow morning.
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