Detailed analysis of today market has already been explained in Mid-session Outlook today. Weakness in Indian markets was told in all the outlooks of yesterday and today(anyone may verify) and it was seen also. Nifty is trading between last 5 seesions support range(4798-4850) and coming couple of sessions will decide that this support is surviving or not.
Although Indian markets slipped from higher levels and trading at lower levels but intraday trading patterns are not suggesting pure selling today and consolidation patterns are also seen in today intraday chart.
It will be better to get next market first confirmation through sustaining beyond present support range(4798-4850)
Although Indian markets slipped from higher levels and trading at lower levels but intraday trading patterns are not suggesting pure selling today and consolidation patterns are also seen in today intraday chart.
It will be better to get next market first confirmation through sustaining beyond present support range(4798-4850)