As higher levels resistances therefore following line was told in both previous Outlooks:-
Sharp fall seen after some selling in last 1 hours because selling developed in mentioned resistance range. Strong supports developed at lower levels in last 3 sessions and now Indian markets will be understood range bound between 5934-6097.
Sustained rally above 6100 is still expected despite sharp fall and markets will take its complete time for consolidations but follow up moves between 5992-6059 should also be firstly watched for next trend confirmations.
Market will take its complete time
Sharp fall seen after some selling in last 1 hours because selling developed in mentioned resistance range. Strong supports developed at lower levels in last 3 sessions and now Indian markets will be understood range bound between 5934-6097.
Sustained rally above 6100 is still expected despite sharp fall and markets will take its complete time for consolidations but follow up moves between 5992-6059 should also be firstly watched for next trend confirmations.