Alex sir's view on Indian and Global Markets

Nifty is in the over-sold territory and looking weak.Nifty spot's move below 4900 will trigger further weakness and it may test 4882 and 4861.

Intra-day bounce can be used to exit long positions.

Stocks like Titan,Bank of Baroda,Talwalkars,Gravita are looking weak and may show further weakness in today's trade.


Dow was seen trading below 11975(200 DMA) yesterday and tested 100 DMA at 11673.

Any further movement below this level can cause further sell-off and it can test 11507 (50DMA) in the short term.

CAC 40 is trading below 3069 and is very weak. More selling is expected and it may test 2965 in the short term.


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