Bears preserved their supremacy over trading action on Friday. Intensification of current bearish sentiment on Monday is likely to append other stocks in their support.
In contrast, upbeat response on Monday is expected to transform the existing sentiment.
Indian stock markets is expected get well on Monday accompanying the upturn in US and European stock markets on Fed Reserve’s resolution to slash the primary credit rate by 50 basis point to 5.75% to support the restitution of orderly situation in financial markets.
Technical analyst, Vishwas Agarwal is anticipating improvement to the amount of 50% of complete declivity in near future.