Indian market has closed in negative zone, it indicate intermediate downtrend in market. Many stocks are suffering from downtrend. After closing of Indian markets European indexes are also suffering from heavy profit-booking in the mid of profit booking FTSE index close at 5196 with the loss of 20 points,DAX index was trading in positive zone but the pressure has come before its closing time the index has closed with the loss of 13 points at 5831. CAC index has also closed in negative zone down around 1%. The US market has opened with the normal gain. DOW index has faced some selling pressure. In the mid of choppy session the index has succeeded to close with small gain at 10328 up 20 points from previous close. In the other hand, NASDAQ index is closed with the gain of 1.41% at 2211 between the buying in technology shares.
Now it can be predicted that Asian market may open with small gain on Monday with the positive cues of US markets.SGX nifty may also open with some gain on Monday