Sentiment was completely depressed therefore recovery seen for change of sentiment on the back of improved IIP data. Confusion in market on IB report and implications of its leakages. Let it disclose and according to that its seariousness will be known till then confusion only. Voltality remains high in selling markets and today 1% rise may be its part also. 5850-5900 is next resistance and until that will not clear till then any type of next up move will not be considered.
Correction is on and today up moves are only sentiment based therefore any decisive up move will be considered only after confirmations.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
