20 Feb 2008, 5.30 pm
Uptrend is badly arrested
Markets may lead to a consolidation
In the line with global cue our market also performed a correction, but Nifty could not find a foot above 5200 mark which was considered as a very crucial one. As we discussed in morning, when fell below 5200, Nifty came down to 5116 and close at 5154. It is expected that the immediate uptrend is badly arrested. If there is no support from global cue, we may see more downside or the market may lead to a consolidation phase.
When posting this report, US indices are expected to open lower today with an eye on CPI inflation data. Let us wait for a sign of investors confidence at the largest economy of the world. The Britain's FTSE index is down by 85 points now. In nust shell global sentiments are remaining weak
Uptrend is badly arrested
Markets may lead to a consolidation
In the line with global cue our market also performed a correction, but Nifty could not find a foot above 5200 mark which was considered as a very crucial one. As we discussed in morning, when fell below 5200, Nifty came down to 5116 and close at 5154. It is expected that the immediate uptrend is badly arrested. If there is no support from global cue, we may see more downside or the market may lead to a consolidation phase.
When posting this report, US indices are expected to open lower today with an eye on CPI inflation data. Let us wait for a sign of investors confidence at the largest economy of the world. The Britain's FTSE index is down by 85 points now. In nust shell global sentiments are remaining weak