Nifty crossed 5940,could not sustain above,faced resistance and slipped. As doubt therefore sustaining above 5940 condition was told in Post-open Outlook and also cautioned at 5932 in Post-open Outlook-2.
Following lines were told in Pre-Open Market Outlook today and should be kept in mind for deciding next moves:-
1- Nifty next move confirmation range is 5855-5940 and Nifty will prepare for next moves within range first.
2-Trading patterns were mixed yesterday and markets require clear formations for decisive break out.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
