Today Indian markets opened in the negative zone. Sensex felow down around 425 points and Nifty by 100 points. Nifty fell down till 3896, pulled back and closed at 3988.55. Sensex closed at 13349 before making a low of 13049. In the last 2 days i kept on mentioning that Sensex are not planning to make a new low. Nifty & Sensex fell down to -23.6% retracement levels. In the last 4-5 trading session Nifty & Sensex are trying to take support at the same level.In the opening session markets fell down and tried to make a new lo, but in the closing bell recovered sharply and closed marginally down. There was no panic in the markets even after the news of Left party withdrawing support for the nuclear deal. As such this news had been already discounted in the markets. Investors should keep on investing in the markets. Traders can still take their position with the SL of Nifty close below 3850, which is not likely to touch in the immediatefew weeks. On Monday I have mentioned traders to buy Banking and Real Estate stocks. These will be the best stocks for the traders to trade in. Be are DARE DEVIL and buy. Do not panic. Crude prices are stabalising, and we might see correction. According to me Crude is in the distribution stage. It can fall down till 135 levels..
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