A narrow range move today, could see Nifty go below 7700 and recover some what.It will be a regular tug of war between the bulls and the bear. With bears having an upper hand through out except for the late rally which could come where in we could see a general buying across the sectors.
The employment figures and other reports awaited in the US market will keep most of the global markets within range.There is no doubt that the markets will open in the red today with SGX Nifty down by nearly 35 points and it could see even a worse opening.Gap!!!! down well pre-open should confirm that.
Keep a look out for news from the Chinese market we could be hit by some bad news from there, keeping in mind my earlier post on the subject.It is time enough for them to make a move before the markets close today or before it opens there on Monday.
As usual trade safe and may the day be a prosperous one.
The employment figures and other reports awaited in the US market will keep most of the global markets within range.There is no doubt that the markets will open in the red today with SGX Nifty down by nearly 35 points and it could see even a worse opening.Gap!!!! down well pre-open should confirm that.
Keep a look out for news from the Chinese market we could be hit by some bad news from there, keeping in mind my earlier post on the subject.It is time enough for them to make a move before the markets close today or before it opens there on Monday.
As usual trade safe and may the day be a prosperous one.