Nifty opened and firstly traded below 5460 in deep depressed sentiments today morning and got intraday support at lower levels. All supports have been broken and only Wave-3 trendline support is left which is at 5460. Nifty trading above it at present and if sustains above then other bulls supporting points will be considered. My view is Bullish but cautious also because Nifty is trading below 200-Day EMA. Let more consolidation and support emerge then up move expectations will certainly be considered despite crashing global markets and Egypt internal problems.
Nifty hovering around 5460 and its sustaining beyond will be watched first for the begining of next moves.
Nifty hovering around 5460 and its sustaining beyond will be watched first for the begining of next moves.