Nifty traded whole day between 5683-5710 after 33 points gap up last Friday and again almost same range trading between 5680-5709 today but with confirm selling between 5700-5708 and lower levels intraday supports formations.
Follow up moves tomorrow will decide next trend and 2 sessions range(5680-5710) will give next following moves:-
1- As good selling and multiple resistances above 5700 therefore market require complete consolidations for step by step sustaining above 5700/5710/5733/5756/5815.
2- Breaking down below 5680 will mean firstly sharp down moves with retesting possibility of previous week lows.
Follow up moves tomorrow will decide next trend and 2 sessions range(5680-5710) will give next following moves:-
1- As good selling and multiple resistances above 5700 therefore market require complete consolidations for step by step sustaining above 5700/5710/5733/5756/5815.
2- Breaking down below 5680 will mean firstly sharp down moves with retesting possibility of previous week lows.