The global cues are weak….

The US closed in red and the spill over sentiment dragging the Asian Indices in to red. The Japan’s Nikkie is a sole exception; the other major indices are trading lower by 1.5-2%. The SGX is lower by 20 points.
The undertone is bullish and there is no doubt about it but the continues up move even the rest of the world is fall is a clear signal of bullishness but cannot be assured for a longer period as we are inter woven with the world economy. The sole supporting cue is the crude trading at $120 and likely to trade below that support level in coming days.
The Nifty support level are same as given yesterday, the second support may breach but could close above that.
The up move in the steel sector may take a pause but the banking may correct a bit more as the weakness in ICICI & Kotak took the lead.
For Stock Specific Action, Visit: www.intradaystockcalls.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.