Indian markets traded negative most of the time and also expected to close in Red today but support seen at lower level between 5522-5532. Selling at higher levels and buying at lower levels today therefore expected that Nifty will once again trade between 5522-5584 tomorrow for shifting of positions to next derivative settlement.
As Nifty moved below 5600 therefore Indian markets are again in 5 months old range(5350-5600) and sustaining beyond 5522-5584 will decide that yesterday started correction is complete at today lower levels support or deeper correction below today's lows.
