outlook for 27 july

the rbi served a shocker to the indian markets yesterday

the market was down and out .

have a look at the cahart for nifty for yesterday

so what about today what is to be expected

the global cues are not positive and any which way we are showing a great delinkage from the world markets

the indian markets are expected to slide down to what extent cannot be said but yes the sentiment is going to subdued may be we will not get an immediate gap down but during the course

of the day expect the market to slowly slide downwards .

i presume that the pressure is going to mount through the day and we can end 40to 50 points down on the nifty close to 5530 mark

so my advise would be to keep your shorts active but not to create new ones and creating a long position is not advised
happy trading