1- sustaining below 5985 is must for down move confirmations:- 5932-6000 is support range and if Nifty sustains below 5985 then next support is 5932 and sustaining below it will mean intermediate term trend turning down.
2- Sustaining above 6030 will be confirmations of yesterday consolidations:- It will mean range bound Indian markets within 6030-6110 because:-
1- Support within 5932-6030
2- Resistance within 6110-6245
In this situation next trend preperations range will be 6030-6110 and firstly from intraday charts within mentioned range will decide its break out direction and secondly following levels will decide next trend:-
1- Firstly 6160 then 6245 crossing will cofirm new top of the rally formation.
2- Firstly 5985 then 5932 srossing will confirm intermedate term trend turning down.
My view was bearish but My view changed immediately after watching yesterday opening and I posted my changed views and intraday charts consolidation view in all my Forums and Blog well in advance yesterday. I clearly mean to say that I am not telling for up moves after watching strong US markets but I told it during trading hours yesterday.
Positive opening to positive closing market expeccted today.