The market is running true to form,now for an up ride it has to take off the 6680 level spot and the 6742 level today it self....which may seem like a tall order given the situation. Now if it does not do this we could see 6620 levels and if it holds then we could see higher levels quickly.Now conversely if it does not hold the 6620 level then we could see even lower levels such as 6550, and when that holds do we see greater and new life time highs.
We now need to wait and see where this bottoms out and it has seen lows close to 6770 now does it reverse with the FII's ....do they buy ...or do they sell , we shall have the answer very soon.The trend is definitely downwards for the moment, even though the nifty is technically in oversold region.
We now need to wait and see where this bottoms out and it has seen lows close to 6770 now does it reverse with the FII's ....do they buy ...or do they sell , we shall have the answer very soon.The trend is definitely downwards for the moment, even though the nifty is technically in oversold region.