Following lines were told in previous Outlook:-
1- Nifty traded between 6054-6070 with higher levels selling patterns
2- valid break down of 5054 will be next down moves confirmation
As higher levels selling therefore Nifty slipped below 5054 but recovered after getting intraday support at 6044.15. As higher levels again selling today therefore until Nifty will not sustain above 6068/6070 till then next up moves will not be considered . Minor intraday support also seen near 6044 therefore its valid break down should also be watched for next more down moves toward next support range 6000-6033
1- Nifty traded between 6054-6070 with higher levels selling patterns
2- valid break down of 5054 will be next down moves confirmation
As higher levels selling therefore Nifty slipped below 5054 but recovered after getting intraday support at 6044.15. As higher levels again selling today therefore until Nifty will not sustain above 6068/6070 till then next up moves will not be considered . Minor intraday support also seen near 6044 therefore its valid break down should also be watched for next more down moves toward next support range 6000-6033