Indian markets are preparing for Long Term trend near about its decider decider 200-Day EMA(today at 6000) and Supports with consolidation seen below it between 5934-5954 yesterday. If follow up selling get confirmations near about 6000 then its turning down 100% confirmation will be below 5934 and huge down moves will be seen in that situation.
Market will take its own time in this process and hope of a rally above 6000 is still alive after supports and consolidation between 5934-5954 yesterday.
Although own moves immediately after opening today but today intraday charts have not given any side confirmation yet therefore just wait and watch policy at this moment.
Market will take its own time in this process and hope of a rally above 6000 is still alive after supports and consolidation between 5934-5954 yesterday.
Although own moves immediately after opening today but today intraday charts have not given any side confirmation yet therefore just wait and watch policy at this moment.