As Daily patterns were showing distribution patterns and intraday charts of last Monday also signalled selling formations therefore it was expected that Indian markets will slip and close in Red yesterday but closed flat after whole day selling formations within 6097-6137. Last 2 days trading range is 6080-6137 and intraday patterns are suggesting selling in last 2 days in indices and many pivotals.
Daily charts distribution patterns have already been disccussed in weekly of current week. As Dow Jones is trading more than 70 points up at this moment therefore opening and firstly trading may be strong today but sustaining above 6137 not expected and slipping below 6080 is very much possible and Red closing expected today despite many bullish news and much bullish sentiments.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
