As good selling at higher levels therefore following lines were told both previous Outlooks yesterday:-
1- As higher levels selling and lower levels supports between 5934-6106 therefore Indian markets will be understood range bound and Nifty will firstly prepare for next trend within or near about this range
2- Confirm selling near about 6100 today and now Nifty will remain sideways between 5934-6106 and prepare for next trend,valid break out of this range will be next trend confirmation.
1- As higher levels selling and lower levels supports between 5934-6106 therefore Indian markets will be understood range bound and Nifty will firstly prepare for next trend within or near about this range
2- Confirm selling near about 6100 today and now Nifty will remain sideways between 5934-6106 and prepare for next trend,valid break out of this range will be next trend confirmation.
view is still Bullish and rally continuation is expected despite down moves since opening today. Next supports should be firstly watched now which have been updated yesterday. Let down moves stop and consolidation start then fresh up moves will be considered.