As today gap up opening was strong Global cues led therefore condition of sustaining above 5900 was told in both previous Outlooks because intraday selling was seen at higher levels in previous 2 sessions and fresh consolidation was required for sustaining above last 2 sessions selling ranges. Although Indian markets slipped from intraday higher levels after minor profit booking but it may be a part of consolidation also because Bullish markets consolidate at higher levels.
Global news based up moves today,Nifty is hovering around 5900 for the last 2 hours and finally sustaining it beyond should be firstly watched for next moves confirmation.
Global news based up moves today,Nifty is hovering around 5900 for the last 2 hours and finally sustaining it beyond should be firstly watched for next moves confirmation.