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1- Selling between 5606-5636
2- Selling between 5575-5595
3- Last 1 hour mixed Patterns between 5556-5573
Conclusions
Whole day selling at higher levels. 5600-5650 was already resistance and again intraday selling seen between 5606-5636 and in this manner resistance range becomes stronger. 5500-5577 is strong support range but Nifty entered between it after again selling between 5575-5595. Niifty traded between 5556-5573 in last 1 hour with intraday mixed patterns.
Confirm selling between 5575-5650 and lower levels buying between 5500-5573. Indian markets are range bound,follow up buying/selling tomorrow and the coming sessions as well as break out of 5500-5650 will form next trend.
Indian markets are extremely global cues based,beginning of tomorrow market and first trading range will be decided after understanding tomorrow morning global cues and will be posted accordingly before opening.