As on going rally completed 5 waves in its up moves therefore its correction was due and going on today. Nifty traded more than 1.5% down with lowest formation at 5907.35 which is just above 7 Sessions strong consolidation range(5779-5888) and until complete selling will not develop till then 5779 will not be broken down,sustaining beyond this range should be firstly watched for sideways or deeper correction.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
