"intraday support possibility between 5820-5829 will be watched today"
Today lowest is 5819.95 and Nifty recovered after getting intra day support within 5820-5829 and traded between 5840-5850.
Following line was told in Pre-Open Outlook today:-
1- "As genuine selling between 5880-5912 therefore complete consolidation is required today to cross 5912"
2- "As per my view Indian markets will consolidate in the coming couple of sessions"
Although Indian markets are trading in Red since opening but intraday patterns are mixed today and consolidation signals also visible in intra day charts. Market is preparing for next moves between 5800-5900 and final view will be formed from coming sessions intra day formations analysis.