As weaker Global cues therefore Nifty is trading below yesterday range between 4673-4692 since opening today and minor support also seen at lower levels. Firstly breaking out and after that sustaining beyond mentioned range will be next very short term move indication. Good supports below today range and resistances also above therefore Nifty has to prepare for next moves and that will be done near about today trading range.
Global cues led down moves in last two sessions therefore sustaining below 4686(yesterday low) is must today for confirmation of next down phase.
Global cues led down moves in last two sessions therefore sustaining below 4686(yesterday low) is must today for confirmation of next down phase.