Today weak opening and first hour trading between 5419-5436 with first half hour selling patterns. Strong support range is 5402-5431 and Nifty is trading within and little above this range. Although first half hour intraday sellng patterns but market requires complete selling patterns for Nifty below 5400.
As today weakness is global cues based,sentiment is extremely deprssed therefore voltality may also be seen. Sometimes markets get support in today like depressed sentiments therefore sustaining beyond 5400-5440 will be watched for next immediate move confirmations.
Let market prepare and intraday charts mature for next moves then final conclusions will be drawn.
As today weakness is global cues based,sentiment is extremely deprssed therefore voltality may also be seen. Sometimes markets get support in today like depressed sentiments therefore sustaining beyond 5400-5440 will be watched for next immediate move confirmations.
Let market prepare and intraday charts mature for next moves then final conclusions will be drawn.