As soon as intraday charts suggested consolidation then following lines were told near the lows of the day in Mid-session Outlook-2:-
1- intraday support indication also between 5515-5525 today
2- As consolidation signals started to emerge today therefore survival hopes of most important support of 5485 is still alive.
3- First of all today range 5505-5550 break out will be watched
Nifty recovered 60 points fast in one hour but retraced more fast and lost all the gains within 15 minutes and again trading between 5505-5550,this range will decide correction completion or continuation therefore mentioned rally should be watched and get confirmations from sustaining beyond given range.
1- intraday support indication also between 5515-5525 today
2- As consolidation signals started to emerge today therefore survival hopes of most important support of 5485 is still alive.
3- First of all today range 5505-5550 break out will be watched
Nifty recovered 60 points fast in one hour but retraced more fast and lost all the gains within 15 minutes and again trading between 5505-5550,this range will decide correction completion or continuation therefore mentioned rally should be watched and get confirmations from sustaining beyond given range.