 |
| Just click on chart for its enlarged view |
1- Condolidation between 5602-5604
2- Falling Wedge(Bullish) Pattern Formation
Conclusions
Intraday support and consolidation at lower levels today. As all the global markets closed deep Red today therefore sharp correction seen but Nifty closed above 5610 on expected lines and again consolidated between previous support range of 5606-5628.
Dow Jones is more than 175 points down at this moment and such weak closing will mean possibility of trading below 5600 tomorrow and sustaining beyond 5600 be first watched tomorrow for next moves confirmation.