Today also Indian market closed in RED.
Nifty closed 5505 and Sensex in 18327.
There is no clarity in maret that’s why the market went down today also.
Inflation worries had spooked the markets last week and today concerns over Egypt pulled the markets down.
The next major support of Nifty is at 5400.
If the nifty break that support then it can come up to 5200. So if nifty break that support level then the best thing is to sell your shares and buy that in a lower margin.
Lalit Thakkar, MD-Institution, Angel Broking says, the Nifty may bottom out at 5,350-5,400 level.
Among Asian markets, Nikkei, Hang Seng, Straits Times and Kospi fell 0.7-1.8% while Shanghai was up 1.4%. Taiwan gained 0.5%.
Regards Hari " लोका समस्ता सुखिनो भवन्तु "
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