Last Week, Indian Markets took a beating & closed at weekly lows admist low volumes & concerns over upcoming Q3FY12 corporate results, recently concluded Lokpal drama in Parliament & reports of talks being restarted about revising the double taxation avoidance pact between Indian & Mauritian tax officials.
With most technical oscillators reaching over-sold zone, we can expect current fall to halt temporarily & markets may stage a minor pullback.
Pullback upto 4760/4853 would be witnessed if crucial support zone 4548-4561 holds.
If breaks 4548 & closes below it, will witness downside upto 4436/4360.
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