Only sustaining below 4644 was given for down moves confirmation and Nifty could not sustain below it as well as moved after forming lowest at 4639.10. Consolidation seen between 4640-4670 today after good support between 4644-4678 yesterday.
As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered and sustaing above 4678 will be confirmation of fresh up moves after correction completion therefore should be kept in mind.
As two sessions support above 4640 therefore until Nifty will not sustain 4640 till then any down move will not be considered and sustaing above 4678 will be confirmation of fresh up moves after correction completion therefore should be kept in mind.