After literally 2 days of trading holiday, market will open up tomorrow.
As explained in the earlier posts, market is showing weakness and weakness is continuing. USA and European markets have been continuously trade in negative zone. The weakness will now definitely be seen in Indian equities also.
The support levels to be kept in mind for trading are 5580 - 5530 - 5450.
Market is likely to trade in negative bias till 5450. All Rallies have to be used only to exit from your long positions. Short term and intraday traders can initiate short positions.
Stocks which are quite weak are SBI, LT. Watch out for levels once the market opens.
Happy Trading :)
As explained in the earlier posts, market is showing weakness and weakness is continuing. USA and European markets have been continuously trade in negative zone. The weakness will now definitely be seen in Indian equities also.
The support levels to be kept in mind for trading are 5580 - 5530 - 5450.
Market is likely to trade in negative bias till 5450. All Rallies have to be used only to exit from your long positions. Short term and intraday traders can initiate short positions.
Stocks which are quite weak are SBI, LT. Watch out for levels once the market opens.
Happy Trading :)
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