Following line was told today in Just watch Support Range(4948-5000) in Crashing Global Markets
market may be volatile also today.
Nifty slipped below 4948,traded below it more than 2 hours but surged 50 points fast and again moved below 4948. As retail selling develops after disappointing news like today IIP data news therefore intraday support also seen between 4912-4925.
Nifty traded between 4912-4981 today with lower levels buying and higher levels selling therefore Nifty will first trade between today range in the coming sessions and prepare for next moves.
As today sessions is showing lower levels buying and higher levels therefore tommorrow follow up buying/selling will give indication that Nifty is moving up or down.
market may be volatile also today.
Nifty slipped below 4948,traded below it more than 2 hours but surged 50 points fast and again moved below 4948. As retail selling develops after disappointing news like today IIP data news therefore intraday support also seen between 4912-4925.
Nifty traded between 4912-4981 today with lower levels buying and higher levels selling therefore Nifty will first trade between today range in the coming sessions and prepare for next moves.
As today sessions is showing lower levels buying and higher levels therefore tommorrow follow up buying/selling will give indication that Nifty is moving up or down.