Market geared for a negative start:
``The market is geared for a negative start amid weak global cues. Asian stocks declined, with the regional gauge heading for its lowest close in two weeks, after Fitch Ratings joined Moody`s Investors Service in warning that Europe faces lower credit ratings. US stocks fell hard Monday as doubts about a recent Europe accord and a lowered outlook by Intel Corp. spurred a broad retreat after two weeks of gains,`` said SMC Global Research.
``The Nifty is very range bound and even though most people`s biases are negative I get the feeling that the market is waiting for some positive news to rally, some major policy change,`` he said.