It was clearly told in all the today outlooks that today down moves are only due to weaker global cues and nervousness due to Baba Ramdev big jolt to Centre Government. Supports were posted for watching and Nifty got support above mentioned key levels today.
Nifty consolidated and got last 3 Hours support between 5510-5535 and Nifty is trading between this range at this moment. As today down below this range was due to adverse news flow and Nifty is trading between this range after getting good support below it therefore Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today.
I was never bearish and expecting high possibility of crossing 5535.
Nifty consolidated and got last 3 Hours support between 5510-5535 and Nifty is trading between this range at this moment. As today down below this range was due to adverse news flow and Nifty is trading between this range after getting good support below it therefore Nifty crossing 5535 will mean strong rally after strong base formations at lower levels today.
I was never bearish and expecting high possibility of crossing 5535.