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1- Condolidation between- 5542-5565
2- Condolidation between- 5580-5590
3- Mixed Patterns between- 5630-5653
Conclusions
Good consolidation at lower levels but Indian markets slipped sharply from higher levels after last 2 hours range bound moves between 5620-5653,intraday patterns within this range are mixed and short covering possibility within this range can not be ruled out.
Confirm consolidation at lower levels but mixed patterns at higher levels therefore Nifty will trade within today range(5542-5653) tomorrow and prepare for next moves and follow up buying/selling tomorrow will give next move indication.