Global weakness led Intraday Market losses
Market in Asia play with its bearish level as Sensex pares losses.Nifty claims again the level 7400.Shares of SBI, NTPC and ICICI Bank turn lower.Nifty could go back to its lower supports of 7,350- 7,338 or even 7,248 in the longer durationHowever, if Oil improves followed by global markets, then Nifty and broader Indian markets will also improve.In that scenario, Nifty will try to recapture its higher levels of 7,450 or 7,486.
Thanks for the oil information it has served me a lot
Intraday trading has become difficult due to the unregularity of the market. The impact of news is playing important role in this regard. Intraday traders have lesser margin of error than the long-term trader. So, always trade precisely and wisely!