Indian market opened good but showed weakness and slipped below mentioned Genuine Selling range(5880-5912) but Final conclusion will be drawn from sustaining beyond this range. Indian markets will prepare for next moves near about this range in the coming couple of sessions. Next moves confirmation points are as follows:-
1- Moving above 5912 require complete consolidation and that will take couple of sessions.
2- Nifty sustaining below 5980 will be profit booking confirmation.
3- Next move first indication range is 5865-5905
1- Moving above 5912 require complete consolidation and that will take couple of sessions.
2- Nifty sustaining below 5980 will be profit booking confirmation.
3- Next move first indication range is 5865-5905