We are telling again and again that Indian markets are taking positions and next trend confirmation will be after sustaining beyond 5330-5365. Nifty is hovering around mentioned range and preparing for next decisive big moves.
Nifty moved above 5365 yesterday but could not sustain and again moved within mentioned range after forming top at 5377.60. Nifty moved below 5330 today but again trading within mentioned range at 5334.45 after forming low at 5,312.80.
Both selling and buying positions in last 2 sessions within 5,313-5377 and sustaining it beyond will be watched in the coming sessions for next moves confirmations.
Nifty moved above 5365 yesterday but could not sustain and again moved within mentioned range after forming top at 5377.60. Nifty moved below 5330 today but again trading within mentioned range at 5334.45 after forming low at 5,312.80.
Both selling and buying positions in last 2 sessions within 5,313-5377 and sustaining it beyond will be watched in the coming sessions for next moves confirmations.