Today up moves possibilities were projected yesterday and it was seen today, Following lines were also told yesterday in Emergence of Rally continuation hopes after Sideways Correction completion:-
"strong resistances between 5700-5733 and follow up consolidation is must for decisive rally above 5733/5756 after on going correction completion"
Nifty opened gap up within above mentioned strong resistances(5700-5733) but slipped below it because fresh consolidation is required today to cross and sustain above. Although last one hour of intraday down moves but good consolidation yesterday therefore until Nifty will not slip below 5653 till then view will not be bearish,follow up consolidation today will mean rally above 5756 after on going correction completion.
"strong resistances between 5700-5733 and follow up consolidation is must for decisive rally above 5733/5756 after on going correction completion"
Nifty opened gap up within above mentioned strong resistances(5700-5733) but slipped below it because fresh consolidation is required today to cross and sustain above. Although last one hour of intraday down moves but good consolidation yesterday therefore until Nifty will not slip below 5653 till then view will not be bearish,follow up consolidation today will mean rally above 5756 after on going correction completion.