Minor selling developed between 5430-5440 today. As sson as we got confirmation of intraday selling today then we covered our long positions without waiting for more down levels.
Indian markets slipped sharp,got intraday support also between 5405-5415 and since then huge voltality. In such voltality technical positions reverses also. All thrends are down and Nifty is trading below 5444 whole day today therefore if Nifty sustains below 5444 tomorrow also then it will be bearish markets confirmations and in that situation sharp down moves will be seen below 5400. As intraday support also seen at lower levels therefore today trading range(5404-5447) break out will be watched for next moves confirmations
Indian markets slipped sharp,got intraday support also between 5405-5415 and since then huge voltality. In such voltality technical positions reverses also. All thrends are down and Nifty is trading below 5444 whole day today therefore if Nifty sustains below 5444 tomorrow also then it will be bearish markets confirmations and in that situation sharp down moves will be seen below 5400. As intraday support also seen at lower levels therefore today trading range(5404-5447) break out will be watched for next moves confirmations