Following 3 selling ranges in today and yesterday sessions:-
1- 4952-4963(Yesterday)
2- 4952-4960(Today)
3- 4930-3940(Minor selling today)
Buying in following range seen yesterday:-
4863-4898(Yesterday buying)
Nifty traded between 4863-4963 today and tomorrow with higher level good selling and lower levels buying within it. Pull Back rally halted after good selling at higher levels and its termination confirmation will be slipping below 4863. As good consolidation seen between 4863-4898 yesterday therefore complete selling is must for slipping below 4863.
Nifty is trading between 4898-4925 for the last 1 hour and break out of this range will decide that on going Pull Back rally is surviving or terminating below 4863. As last one hour Intraday patterns are showing lower levels consolidation today therefore Pull Back rally survival hopes are still alive.