Up moves above 4876 was expected and it was seen also but Nifty moves down and trading below 4876 also. Some news about Ambani brothers in Business News Channels therefore today intraday moves moves and volatility may be result of this news also.
As today intraday support between 4835-4853 today and yesterday support between Buying between 4805-4830 therefore until Nifty will not sustain below 4805 till then any decisive down move will not be considered.
Although Nifty is trading near the the lows of today but expected that consolidation will remain continued and finally Nifty will sustain above 4876 and rally will remain continued in next week.
As today intraday support between 4835-4853 today and yesterday support between Buying between 4805-4830 therefore until Nifty will not sustain below 4805 till then any decisive down move will not be considered.
Although Nifty is trading near the the lows of today but expected that consolidation will remain continued and finally Nifty will sustain above 4876 and rally will remain continued in next week.