Although down moves seen today but its possibility was told in all the previous 3 Outlooks of yesterday and today. One down move was expected and it was seen today and support of 5839 has also been tested.
Today news based volatile market with sharp recovery from lower levels also. Nifty is range bound between 5839-5962 for the last 12 sessions and today support at lower levels. Following resistances should be firstly watched now for next rally after correction completion confirmations:-
1- 5885
2- 5920
Today news based volatile market with sharp recovery from lower levels also. Nifty is range bound between 5839-5962 for the last 12 sessions and today support at lower levels. Following resistances should be firstly watched now for next rally after correction completion confirmations:-
1- 5885
2- 5920