As soon as consolidation signals emerged at lower levels and short term up moves got confirmation then it was updated with the condition of sustaining above 4890 in Mid-session Outlook today. Good intraday up moves were seen also but selling at higher levels therefore lost almost whole intraday gains and slips to intraday lower levels after moving below 4890..
As lower levels buying and higher levels selling therefore break out of today trading range will be next moves confirmations but today intraday patterns are showing consolidation indications therefore upmoves hopes from today lower levels are alive despite more than 1.5% down closing today.
As lower levels buying and higher levels selling therefore break out of today trading range will be next moves confirmations but today intraday patterns are showing consolidation indications therefore upmoves hopes from today lower levels are alive despite more than 1.5% down closing today.