As intraday consolidation patterns were seen between 5639-5670 yesterday therefore Nifty opened above this range and now trading also above this range. As intraday selling was also seen between between 5682-5704 in previous 3 sessions therefore follow up consolidation is required for sustaining and fresh rally above 5709.
Expected that rally will continue after correction completion yesterday but follow up consolidation and sustaining above 5709 is must.
Sustaining beyond 5639-5709 should also be watched for next moves confirmation.
Expected that rally will continue after correction completion yesterday but follow up consolidation and sustaining above 5709 is must.
Sustaining beyond 5639-5709 should also be watched for next moves confirmation.