Indian Markets Next Moves Confirmation Ranges Near 5400
Nifty got support 3 times at 5400 in last 10 sessions amid most devastating sentiments and again trading near 5400 after the news of RIL letter to DGH regarding pulling down production. It can not be guaranteed that Nifty will again recover from 5400 as it happened earlier therefore will be better to decide Indian markets according to sustainability beyond following levels:-
1- First indication range- 5388-5417
2- Confirmation range- 5370-5432
Be bearish below 5388/5370
Be Bullish above 5417/5432