We saw yesterday that positive global cues at the opening time have no bearing on the closing of our markets. Primarily, because our markets cannot sustain higher levels. Till 37488, the trend remains firmly downwards. Only with a sustained close above 37488 (11098) will the market outlook change to neutral from the current bearish. Till then, remain short for a near/short term target of 36102 (10680).
|Index Levels to Watch & Fair Value|