Sideways market today after yesterday blasting moves. As whole sentiment was bearish therefore minor recovery seen from intraday lower levels. Correction is on and almost confirmation of Long Term Trend turning down after resistance at 200-Day EMA yesterday.
Intraday selling formations seen at higher levels and Dow's Futures is also 65 points down therefore weakening of sentiment slipping from intraday higher levels.
Correction continuation and more down moves possiblity can not be ruled out. As minor supprt at lower levels and minor resistance at higher levels today therefore break out of 4970-5015 should be firstly watched for next short term moves confirmations.
Intraday selling formations seen at higher levels and Dow's Futures is also 65 points down therefore weakening of sentiment slipping from intraday higher levels.
Correction continuation and more down moves possiblity can not be ruled out. As minor supprt at lower levels and minor resistance at higher levels today therefore break out of 4970-5015 should be firstly watched for next short term moves confirmations.