Level will confirm deeper correction
amid Corona panic
Post-open Outlook(05-04-2021)
As Corona cases crossed 1 Lac in India and panic developed because from previous week Corona cases are increasing at much faster speed than last year therefore nervousness developed and resultant down moves are being seen in Indian markets.
If Corona situation worsen in same previous week like speed then keep in mind following conclusive line and level which was updated on 03-04-2021 in "Fate of next big moves will be according to levels break out"
2- Finally sustaining below 14265 will mean more than 10% down moves after more than 40 sessions like big trading range broken down and resultant deeper correction beginning confirmations.