As soon as selling patterns developed then it was updated within first 3 hours at 12:06:00 PM today and good selling seen at higher levels also as well as market slipped from higher levels and being closed near day's lower levels.
Nifty traded with intraday consolidation patterns within 4696-4715 in last one hour. As intraday support at lower levels seen in the beginning and at the closure on today market therefore sustaining beyond 4696-4720 should be firstly watched next Monday for next moves commencement confirmations.
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.
Nifty traded with intraday consolidation patterns within 4696-4715 in last one hour. As intraday support at lower levels seen in the beginning and at the closure on today market therefore sustaining beyond 4696-4720 should be firstly watched next Monday for next moves commencement confirmations.
As clear consolidation patterns at lower levels today therefore view is not bearish despite Red closing today.