Market strength was told in following lines in Post-open Outlook at 09:23:00 AM today:-
1- not strong therefore profit booking possibility
2- next moves confirmation levels for today will be sustaining beyond 5280-5323.
Markets slipped from higher levels and Nifty moved below 5280 also and hovering it around since then. Nifty is trading narrow between 5257-5323 for the last 3 sessions with good supports between 5257-5273 and complete selling is required today for slipping below 5257.
Consolidation signals are emerging near 5280 today therefore firstly sustaining beyond 5280 should be watched for next moves confirmations. As 2 previous days intraday patterns are showing consolidation formations therefore finally sustaining above 5323 possibility is high.
1- not strong therefore profit booking possibility
2- next moves confirmation levels for today will be sustaining beyond 5280-5323.
Markets slipped from higher levels and Nifty moved below 5280 also and hovering it around since then. Nifty is trading narrow between 5257-5323 for the last 3 sessions with good supports between 5257-5273 and complete selling is required today for slipping below 5257.
Consolidation signals are emerging near 5280 today therefore firstly sustaining beyond 5280 should be watched for next moves confirmations. As 2 previous days intraday patterns are showing consolidation formations therefore finally sustaining above 5323 possibility is high.