29 Mar, 2016 (9:20AM IST)
Indian markets had a long selling session yesterday, where Nifty tumbled below its major support of 7,700 and even went below 7,600.
Today, it seems that Indian markets might continue with their profit booking as the Fed’s rate hike possibilities gather momentum.
For Nifty, 7,600 will be the immediate support. If the index falls below yesterday’s low level of 7,587, then more selling could come in this index and broader Indian markets today.
Nifty will have a range of 7,650- 7,552. Upper side is restricted but lower side could get bigger if global cues do not support a positive session.
Watch how Nifty behaves near support levels and trade with the trend.
Good luck, enjoy the session!