Only down moves were projected in all the Outlooks of this week and it was seen also in this week. Sharp fall today after more than 7 hours selling between 5208-5236 in last 2 sessions. Until Nifty will not sustain above 5236 till then any rally will not be considered.
Volatile session today because lower levels supports seen after higher levels selling and next few hours trading will be within the highs and lows of today and yesterday(5161-5239).
Correction is on and no cobfirmation of its completion yet. Let market completely consolidate and form base then up moves will be considered otherwise more down moves because correction is very much on and its continuation can not be ruled out.
Volatile session today because lower levels supports seen after higher levels selling and next few hours trading will be within the highs and lows of today and yesterday(5161-5239).
Correction is on and no cobfirmation of its completion yet. Let market completely consolidate and form base then up moves will be considered otherwise more down moves because correction is very much on and its continuation can not be ruled out.