Most uncertain European events and resultant huge gap up/down opening is the chracter of all global markets is routine feature. Gap up opening and about 1% positive zone trading since opening today.
Today intraday patterns formation will give next moves first indication and following next support/resistance crossing will give next decisive move confirmation.
1- Next resistance is between 5280-5307
2- Next support is between 5147-5168
Nifty is trading between 5211-5228 today and expected that Nifty will prepare for next moves between 5195-5250. First 45 minutes intraday charts are suggesting consolidation and mentioned range break out will be next moves confirmation.
Today intraday patterns formation will give next moves first indication and following next support/resistance crossing will give next decisive move confirmation.
1- Next resistance is between 5280-5307
2- Next support is between 5147-5168
Nifty is trading between 5211-5228 today and expected that Nifty will prepare for next moves between 5195-5250. First 45 minutes intraday charts are suggesting consolidation and mentioned range break out will be next moves confirmation.