When Indian markets were trading near the highs of the day and selling started to develop then it was immediately updated with next moves confirmation levels in Mid-session Outlook and following lines were told:-
1- minor selling formations also seen at higher levels today..
2- next moves confirmations is through sustaining above 4895/4882.
Indian markets are in the hands of Bears and selling again seen at higher levels today as well as formations of new intraday lows also observed. Although whole day down moves in Falling Channel(Bullish pattern) but good selling at higher levels also therefore following levels will be firstly watched tomorrow for next moves confirmations:-
1- Sustaing above 4890 will be first upmove strong indication.
2- Sustaing above 4922 will be up moves confirmations.
3- Sustaining below 4838(yesterday lowest) will be deep down moves confirmation.
As Falling Channel(Bullish pattern) formation was seen above 4838 yesterday therefore sustaining below is must for more down moves confirmations.