US markets were down last Friday but Asian markets are flat today morning therefore sentiment is quiet. As last 2 sessions trading pattern is fountain and it is fountain consolidation formation therefore minor pull back rally possibility can not be ruled out. If Nifty sustains above 6100 today then minor pull back rally will be considered. Today first session intraday charts and sustaining above or below 6100 will decide pull back rally or continuation of ongoing last week down trend.
Market not prepared for any side move and will first prepare for next moves in first session today. Sustaining beyond 6100 should be used for next above mentioned moves confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
