As Indian markets showed less weakness than most Global markets therefore out performance of Indian markets today. Down moves in Bullish Falling Channel with triple bottom formations near today lowest(6744) also seen today therefore emergence of 1st signal of yesterday started correction completion.
If Nifty does not sustain below 6744 in the next 1/2 sessions then rally continuation will be seen above 6819 in next week despite sharp fall in last half hour and now trading at 6750 which near the lowest of today.
Now sustaining beyond 6744 should be firstly watched for next next immediate trend confirmations.
If Nifty does not sustain below 6744 in the next 1/2 sessions then rally continuation will be seen above 6819 in next week despite sharp fall in last half hour and now trading at 6750 which near the lowest of today.
Now sustaining beyond 6744 should be firstly watched for next next immediate trend confirmations.