As negative news flow from Indo-Pak last Friday therefore whole day down moves and closing below 5965 was seen but today trading into last 8 sessions sideways trading range(5950-6026) because sentiment improved due to more than 2.45% up moves in Chinese markets and lower levels recovery in all Asian markets. Sentiment again improved due to improved December inflation data and now trading near 6000,next resistance is between 6000-6026 therefore complete consolidation is required for decisive up moves above 6026..
Reentering into 8 sessions sideways trading range(5950-6026) and its valid break out will give next trend confirmation therefore should be firstly watched now.
Reentering into 8 sessions sideways trading range(5950-6026) and its valid break out will give next trend confirmation therefore should be firstly watched now.