Nifty traded more than 5 hours yesterday with Mixed intraday Patterns between 5346-5390 and higher levels selling was shown also in intraday charts yesterday in Firstly Watch Correction fate decider 5346-5390. As higher levels selling yesterday therefore market could not sustain at higher levels after gap up opening today and slipped as well as trading for the last 2 hours within yesterday 5 hours trading range.
Follow up selling again today after yesterday higher levels selling therefore correction continuation risk turned higher. As Nifty traded almost 2 fours between 5346-5390 and also got support also within this range therefore sustaining beyond this range will be firstly watched tomorrrow for next moves confirmation and until Nifty will not sustain above 5450 till then next upmove will not be considered.
Follow up selling again today after yesterday higher levels selling therefore correction continuation risk turned higher. As Nifty traded almost 2 fours between 5346-5390 and also got support also within this range therefore sustaining beyond this range will be firstly watched tomorrrow for next moves confirmation and until Nifty will not sustain above 5450 till then next upmove will not be considered.