As sentiment was over heated today and whole market turned buyer therefore intraday correction was imminent and seen. Following lines were told in Pre-open Outlook today:-
"Nifty will first trade between 5770-5800 and will prepare for next moves. Consolidation,rally and positive closing expected today. Fast moves above 5815"
Only time changed,firstly fast moves seen above 5815 and trading between 5770-5800 seen in the last.
Support within mentioned range and then up moves expected.