Although gap up opening but was not strong therefore it was updated within first 2 minutes after opening in Post-open Outlook today and Nifty slipped also more than 30 points after our above message.
Minor intraday selling seen at higher levels today and until Nifty will not cross 5155 till then next up move will not be considered but market require complete formations for any side decisive moves and will prepare in the coming hpurs for that.
Intraday selling after lesser strength opening is weakness signal and sustaining below 5112 will be down moves confirmation. Indian markets are trading within mentioned range(5112-5172) since opening today and its break out will be next moves confirmations.