Indian equities are likely to open marginally lower on Tuesday after a back to back thumping sessions on flat global cues. Asian markets are currently trading mixed. S&P chart is indicating a big break out or break down in the coming weeks. We will post an update as and when it happens
Markets - Pullback rally unlikely to fizzle out this week
While every one on the street is extremely confident on the strength of this pullback rally, couple of index majors are displaying immense strength on charts. We expect a stock specific demand in today's trade. Markets might make a false move downwards.
We too are with the majority of the crowd on the ongoing pullback rally. But one should asses the situation when Nifty moves near to 5600-5700 band. Beaten down sugar stocks and Realty stocks might witness value buying.
Bears...May Try to Spoil the Show...May taking, But Seems, Only Below......5423.00