Nifty in Monday trading session traded in lower levels. As America was closed for Washington’s Day – Therefore, no hint from US stock markets.
We opened the day with negative and during the day we hit slightly on the upper side and then again in negative. As Europe opened we made another low for the day.
Nifty and Banknifty finally breaks the important levels and closed below. Therefore, it gives a clear indication that we are heading more downwards – since there’s been a lot of thing leading to the negativity of the markets.
Primarily, the crude prices is foremost reason and our earning season ended with no surprise. There is no such thing to boost to the market and International investment firms are thing of a big economic breakdown around the world.
The levels to watch for in Tuesday’s trading session – Anything below 10691 is heading towards more low.