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Indian shares fell 1% on Friday - last session of the August month - due to slowdown in the growth momentum, political & policy paralysis and unlikely of QE3 hint by Ben Bernanke in the Jackson Hole meet today evening. Unwinding of long positions as the market head into September month too added fuel to the fire in the second half of trade.
Nifty Trend For Monday : Technical Chart Analysis
Nifty is week on charts, if we review Nifty's performance last week then in the early trading days it made made new gains but in some of the last trading days it made lows ahead of the global cues and Asian markets. After Jackson hole meet Sensex fell, market sentiments also turned negative and Rupee also noted some declines. So traders and investors are advised to keep close eye on Nifty as it may behave choppy in early trade and expected to behave rangebound during the day.
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