Indian equities are likely to open flat only to see some more selling in the morning session on breaching key technical levels on Friday. Asian markets are trading marginally positive on Monday morning
Nifty breached 5400 level with a huge force on Friday. We believe this might lead to a new low and might happen quick. Expect a better second half, ahead of the budget. For now, investors has no other option to go through the pain.
While 4800 can be called as a dead bottom for Nifty in the given circumstances, we would not wait till 4800 for accumulating stocks. Bottoms are formed before one realises the same
Today's Below................5366.00 Mark.....Once Again...Favours Bear
But Only Above.............5403.00 Mark...Above that Mark...NIFTY FUTURE Likely to Hit......5435.