Following line was told today at 08:23 AM in Firm Grip of Bears on Indian Markets
Only testing of 2nd support range was told and Nifty recovered sharply after intraday low formation between mentioned range at 5118.85. As volatility remains high in Bear markets therefore being seen today and coming sessions will remain range bound between 5118-5355 as well as market will firstly prepare for next Short Term Trend within this range.
testing of above mentioned 2nd support range(5075-5140) can not be ruled out in the coming sessions.
Only testing of 2nd support range was told and Nifty recovered sharply after intraday low formation between mentioned range at 5118.85. As volatility remains high in Bear markets therefore being seen today and coming sessions will remain range bound between 5118-5355 as well as market will firstly prepare for next Short Term Trend within this range.