Whole day hovering around 200-Day SMA(today at 5151) with selling above 5151 and support also below 5151. Most sentimental and crucial level and technical positions reverses hugely near about these levels.
As previous 3 sessions consolidation patterns near about 5200 therefore expected that finally market will consolidate around 5151 and fresh phase of up moves will begin from here.
Although finally rally after correction completion is expected from 5151 but precautionally sustaining beyond 5151 should be watched for next decisive big move confirmations.
As previous 3 sessions consolidation patterns near about 5200 therefore expected that finally market will consolidate around 5151 and fresh phase of up moves will begin from here.
Although finally rally after correction completion is expected from 5151 but precautionally sustaining beyond 5151 should be watched for next decisive big move confirmations.