When Indian markets were continuously slipping and trading near the lowest of the today then we were not Bearish and clearly told following lines in both previous Outlooks:-
1- now trading near the lowest levels of today but no as such selling patterns in intraday charts of today
2- slipping from higher levels after gap up opening but no as such selling patterns formations
As no clear selling pattern formation therefore now Nifty is trading near the top of today after emergence of consolidation indications also therefore firstly valid break out of 5775-5900 should be watched for next trend first strong indication.
1- now trading near the lowest levels of today but no as such selling patterns in intraday charts of today
2- slipping from higher levels after gap up opening but no as such selling patterns formations
As no clear selling pattern formation therefore now Nifty is trading near the top of today after emergence of consolidation indications also therefore firstly valid break out of 5775-5900 should be watched for next trend first strong indication.