The continuous levy of tariffs from U.S President Trump on Brazil and Argentina on their metals has re-awakened the signs of slowdown in global growth that set the stage of pessimism in Indian benchmark. The index was opened on a positive note at 12,067 levels and continued to trade negative. The index made an intraday low of 11,970 levels but shown signs of reversal after sensing support from trend line placed on lower time frame.  On indices upfront, almost all sectors are trading in red out of which metal stocks erased 2.78%. Market Breadth is negative as 543 stocks are advanced and 1179 are trading in red. On hourly scale, the index is trading near primary trend line placed. The counter is trading below 20 hours Exponential Moving Average. Stochastic oscillator is trading in an oversold zone.