Panic sentiment today morning and Indian markets got good support at lower levels. 61.8% retracement level broken but market recovered after rounding bottom and higher bottom and higher top formations. Good support at lower levels but slipped more than 68 points from the high near 02 pm today. Although sharp slip from higher levels but today patterns are showing consolidations. If Nifty sustains above 5820 then today trading range will be support.
It is only 1st consolidation indication and follow up action is must in the coming week for convertion my bearish religion. conclusions from today intraday charts have been posted and let process complete then will be conveyed accordingly..
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
