Most time trading between 7710-7740 after first 40 minutes Down moves in Bullish Falling Channel with following technical positions within this range:-
1- Selling patterns formations between 7730-7740
2- Triple bottom supports at lower levels.
1- Selling patterns formations between 7730-7740
2- Triple bottom supports at lower levels.
As sentiment was heated and without force slow up moves with Bearish Rising Channel formation yesterday therefore follow up consolidation was must for further strong rally and its signals seen today. Although signals of consolidation process today but selling patterns formations were also seen therefore possibility of slipping below 7700 can not be ruled out under on going consolidation process.