Following lines were told yesterday in Correction is on & Bulls Watching Next Supports
more down moves possibilities have turned higher and testing of following supports can not be ruled out:-
1- 5428-5461(Gap Support)
2- 5340-5415(Strong support)
All the Global markets are in Green But Indian markets are under performing and in Red as well as traded most time between Gap Support range(5428-5461) today. Higher levels selling seen after lower levels minor support but breaking down of 5428 is without force also therefore higher levels selling and lower levels buying signals also.
Strong support between 5340-5415 and supports signals above it therefore sustaining beyond today range(5406-5460) will be firstly watched in next week for the confirmation of correction continuation/completion.
more down moves possibilities have turned higher and testing of following supports can not be ruled out:-
1- 5428-5461(Gap Support)
2- 5340-5415(Strong support)
Above both supports have been tested today and proved our above projection 100% accurate.
All the Global markets are in Green But Indian markets are under performing and in Red as well as traded most time between Gap Support range(5428-5461) today. Higher levels selling seen after lower levels minor support but breaking down of 5428 is without force also therefore higher levels selling and lower levels buying signals also.
Strong support between 5340-5415 and supports signals above it therefore sustaining beyond today range(5406-5460) will be firstly watched in next week for the confirmation of correction continuation/completion.