Nifty moved above 5714 but without force therefore could not sustained above and retraced within last 2 sessions most traded range(5692-5714).
Nifty trading more than 6 hours within 5692-5721 in last 2 sessions. Selling seen within this range last Friday and today also intraday selling formations are being felt within this range.
Although Nifty is trading near the highs of the day at this moment but selling within last 2 sessions 6 hours trading range(5692-5721) therefore possibility of slipping below 5692 and correction continuation is still alive. Let Nifty sustaining above 5733/5756 then rally continuation after correction completion will get confirmation.
Nifty trading more than 6 hours within 5692-5721 in last 2 sessions. Selling seen within this range last Friday and today also intraday selling formations are being felt within this range.
Although Nifty is trading near the highs of the day at this moment but selling within last 2 sessions 6 hours trading range(5692-5721) therefore possibility of slipping below 5692 and correction continuation is still alive. Let Nifty sustaining above 5733/5756 then rally continuation after correction completion will get confirmation.