Although Indian markets slipped whole day from higher levels and traded in Red but without intraday selling patterns therefore we never told for today intraday selling. Lower levels support was projected in Mid-session Outlook and sharp more than 57 Nifty points recovery was seen from lower levels.
Although first 4 hours trading range lowest was at 5313 but we were expecting support at lower levels therefore we gave 5300 for down move confirmation and Nifty reversed exactly from 5297.50.
Nifty is hovering around 5340 for the last 4 sessions and lower levels support also seen after last 2 sessions higher levels selling therefore next moves preparation and next trend confirmation range is 5298-5458.