Higher levels selling between 5586-5640 and correction through gap down opening after negative political news flow. As political uncertainity will remain continued and Indian markets will react also accordingly as well as volatility will remain high and trader's stop losses will also trigger therefore cautious approach is required.
As strong up moves in previous weeks therefore its correction was required and being seen today on the back of political uncertainity. Next support is at 5527 and this levels should be watched for correction completion confirmation.
As strong up moves in previous weeks therefore its correction was required and being seen today on the back of political uncertainity. Next support is at 5527 and this levels should be watched for correction completion confirmation.