Yesterday's gap up opening couldn't translated in to short covering and buying at 5340 levels and Nifty clawed back to 5300 level. Today's market is muted with no direction as global cues is negative and ahead of Spain's 10 year bond sale which will take place later on thursday.
Trader's are watching closely that will the spain able to refinance its 10 year note with yield around 6% and whether it will continue to climb. Nifty will see 5280 levels in near later half when European markets will open as there will be no hope for positive news from Spain's debt auction and markets will disappoint after that.
0 comments