The market plunged 57.07 points today finishing at 3171.88. The morning session was bad as the market fell more than 75 points before lunchtime. After lunch, market action picked up a little to range until the finish. After 5pm trading was relatively flat as well.
There seems to be no glimpse of a good upside for now. Friday may be a white candle day but in my opinion, this is unlikely. The market tends to be conservative on Fridays. Current short term outlook is bear. No change until the target resistance of 3000 +/- 50 or until any good news changes current sentiments completely.
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