Although sharp up moves in last one hour yesterday but we were having doubts because selling formations were also seen between 5322-5395 in last 4 sessions therefore condition of sustaining above 5395 was updated in all 3 previous outlooks.
When Nifty was trading above 5400 today then also intraday higher levels selling was seen and condition of sustaining above 5395 wae told in Mid-session Outlook today.
Indian markets slipped from higher levels today and Nifty is again trading between last 4 sessions main trading range(5322-5395). As trading at higher levels above 5395 also therefore next moves confitmation is changed and sustaining beyond 5322-5426 should be watched for the confirmations of:-
1- Depth of correction
2- Next phase of rally
When Nifty was trading above 5400 today then also intraday higher levels selling was seen and condition of sustaining above 5395 wae told in Mid-session Outlook today.
Indian markets slipped from higher levels today and Nifty is again trading between last 4 sessions main trading range(5322-5395). As trading at higher levels above 5395 also therefore next moves confitmation is changed and sustaining beyond 5322-5426 should be watched for the confirmations of:-
1- Depth of correction
2- Next phase of rally