Image by Mr.Thomas via FlickrHi friends,
The morning is not good for our markets today, it opened deep in red, as I had posted on closing time yesterday it has another support near sensex 16800. Since the market has lost almost 50% of the recent move, it seems that market will not take this support and go further down till 15750, slowly. It will remain volatile too. Reasons for losing so much are though global it will certainly affect our markets too and it is not adviced to continue longs or initiate longs at this point.