Although Indian markets slipped from higher levels last Friday but got support at lower levels(6040-6050) and whole day Nifty trading patterns are showing consolidations not distributions also. Strong supports below 6030 and today after yesterday lower levels support if follow up buying is seen today then firstly upmoves will be seen to test levels near 6220.
Positive Asian markets expected Monday morning and also expected that Indian markets will open in Green and Nifty will trade first in positive zone and first trading range will be 6050-6100. Intraday charts within this range will decide next moves and break out of this range will give next moves confirmations.
Let confirmations come from intraday charts formations then I shall post break out direction accordingly in Mid-session outlook.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
