First of all selling patterns formations in intra day charts and then correction begins and till now no selling patterns therefore any down move will not be considered. Nifty traded range bound between 5815-5840 with intra day consolidation patterns(its details has already been explained with intraday charts in last 3 topics in the Blog) therefore firstly trading between 5840-5900 will be seen after positive opening and close positive today.
Follow up buying today will pave the of strong rally above 5900 and it is also being expected.