I posted my bearish outlook in following words Pre-Open Outlook today:-
1- Although Indian markets recovered form lower levels yesterday but until above mentioned 1st resistance range(6110-6160) will not cross till then any up move or correction completion will not be considered
2- Correction started after good selling at higher levels and expected that fresh selling will be seen in couple of sessions within or below mentioned 1st resistance range.
I posted my bearish outlook in following words Mid-session outlook in my Blog today:-
1- I have already defined my bearish views in my previous 4 days outlooks and that is not changed despite yesterday sharp surge
2- Today range break out will decide follow up buying or selling and that will give first indication of next big moves.
As I told 100% same happened and Indian markets could not sustain at higher levels and closed in Red after slipping from higher levels.
Sensex closed 185.76 points down today.
-Nifty closed 48.65 points down today.
Tomorrow outlook:- For tomorrow I have already told in in following words in today Pre-open outlook and that will happen:-
"finally Indian markets will move below yesterday lows"
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
