Intraday consolidation was seen in last 2 sessions and it was updated also in the Outlooks. Confirm base formation between 4560-4590 and;-
1- Until Nifty will not sustain below 4560 till then down moves will not be considered.
2- Sustaining above 4640 will be survival confirmation of Trend Reversal Broadening Pattern.
3- Crossing of next resistance range(4750-4840) will be sustained rally confirmation.
As all trends are down therefore above mentioned confirmations are required for decisive upmoves confirmations otherwise more upmoves and continuation of today begun rally is expected.
1- Until Nifty will not sustain below 4560 till then down moves will not be considered.
2- Sustaining above 4640 will be survival confirmation of Trend Reversal Broadening Pattern.
3- Crossing of next resistance range(4750-4840) will be sustained rally confirmation.
As all trends are down therefore above mentioned confirmations are required for decisive upmoves confirmations otherwise more upmoves and continuation of today begun rally is expected.