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1- Selling between 5870-5890
2- Last 4 hours down move in Water Fall Pattern and it is bullish Formation
Conclusions
Same patterns in most of the Indices intraday charts of today. Higher levels selling and last 4 hours Water Fall consolidation patterns between 5790-5725 today. Although 5736 broken down but with consolidation pattern therefore fresh selling is required within 5790-5725 or below for down move confirmaions and fresh consolidation near or above 5700 will mean sharp rally.
All trends are up and today down move is on going correction. Today intraday charts are suggesting consolidation signals and follow up buying in the coming sessions will mean possibility of sharp rally. Highly volatile markets between 5725-5940 in last 5 sessions without one sided patterns and let market prepare for one side moves then final conclusions will be drawn.
As per my view All trends are up,last 8 session moves are short term correction and after its completion sharp rally will be seen.