For the last one month, Nifty blindly following global cues and moving accordingly. For tomorrow I believe once again Nifty is ready to shed some points in the name of bad news from USA.
Technically Nifty is weak and may touch recent low again
- Nifty has made inside bar on daily chart
- Hundreds of Occupy Wall Street protesters arrested this may trigger chaos in world market at least for today
- If Nifty open above 4950 target would be 4970 > 4985 > 5005
- If Nifty open below 4945 target would be 4920 > 4900 > 4880
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