sustaining beyond 5417-5438 should be firstly watched today for next moves confirmations.
We told above line in:-
1- yesterday in Cautious view after intraday selling patterns today
2- Today in Mid-session Outlook
Nifty retraced today after forming the lowest at:- 5437.80
Indian markets slipped immediately after opening and its technical reasons have already been explained in previous outlooks today. As news based market today therefore for precaution sustaining beyond today trading range will be watched for confirmation but Intraday patterns of today are showing consolidation formations and continuation of rally is expected in the coming sessions.