Although up moves seen after RBI Credit policy but selling patterns formations also seen in following ranges:-
1- Selling between 7372-7390
2- Selling between 7404-7424
Next Resistances are as follows:-
1- Resistances between 7372-7390(Strong)
2- Resistances between 7450-7563(Moderately strong)
Selling seen today just below immediate next strong resistances and once valid break out of today lowest(7343) will mean correction continuation towards lowest(7082) of last 15 sessions trading range. As Indian markets are Bullish and some times Bullish markets consolidate at higher levels also without giving deeper correction therefore firstly sustaining beyond today trading range(7343-7424)should be watched tomorrow.
1- Selling between 7372-7390
2- Selling between 7404-7424
Next Resistances are as follows:-
1- Resistances between 7372-7390(Strong)
2- Resistances between 7450-7563(Moderately strong)
Selling seen today just below immediate next strong resistances and once valid break out of today lowest(7343) will mean correction continuation towards lowest(7082) of last 15 sessions trading range. As Indian markets are Bullish and some times Bullish markets consolidate at higher levels also without giving deeper correction therefore firstly sustaining beyond today trading range(7343-7424)should be watched tomorrow.