==>> Profit booking leads market fall by half %.

Markets opened up in green but changed its trend and move towards the negative zone. There was no negative bias, but profit booking in the frontline stocks lead the markets to more that an percent down. SBI, RIL were among the stocks which helped the markets to hold. Sellling in the Tech and the power companies drag the marekts down. Tata Stell which opened up strong, lost in the mid session. ONGC too lead the markets drag down. . But the view is still not negative among the marketsmen. US markets closed up in green with handsome gains. Asian markets were trading flat in the morning. After almost a year Sensex touched 16000 in the early trades, but fell down. Markets again recovered in the end due to some buying in the frontline stocks like RIL, SBI and some sectors like cement and auto.
Sensex closed at 15830 down by 93.25 points or 0.59% after making intraday high and low of 16002 & 15699.
Nifty closed at 4680 down by 31 points or 0.66% after making a low of 4642. On Monday Nifty had closed above 4700 levels. Markets turned negative on back of profit booking. MACD is still not negative, and RSI is trending upwards. Nifty has good support at 4636 levels.