Following possibilities were clearly told and next up moves confirmation levels were also updated before the beginning of today in Technical Analysis,Researches & Market Outlook.
1- Sentiment heated today morning therefore profit booking and intraday voltale market possibility will be kept in mind.
2- Next up moves confirmation will be firstly crossing 5028 and then sustaining above 5055.
Profit booking seen immediately after opening and Nifty could not trade above 5055 as well as slipped below 5028 also. Nifty is trading in Red and below mentioned 1st resistance range(5020-5028).
Weakness seen immediately after opening today and sustaining beyond mentioned 1st mentioned resistance range(5020-5028) will be next moves confirmations.