Most Global markets are weak but Indian markets traded most time in Green in first hour today therefore outperformed. First hour completely range bound trading between 5650-5676 but slipped and now trading in Red after forming new intraday low 10 minutes before. As intraday charts are showing consolidation indications therefore bounce back expectations turned alive today. Let on going down moves stop and develop the signals of Short Term Trend reversal some up moves will be considered.
Fresh shorting at these levels will be risky.
Fresh shorting at these levels will be risky.