Indian markets outperformed global cues after gap down opening today and trading above strong support range(5329-5400) since opening today,it is positive cue. Initial signals are positive but market require more preparation for next moves. RBI Credit Policy today at 12:00 noon therefore market may be volatile. Sustaining above 5430 will be first strong indication of very short term up move begining and moving below 5385 will be more weakness confirmation.
Next moves first confirmation range for today is 5385-5430.
Next moves first confirmation range for today is 5385-5430.