As negative news of Parliament adjournment after uproar on FDI therefore slipping below resistance range(5620-5650) and getting support also within immediate next support range(5581-5602). Today down moves are negative news based and without selling patterns therefore breaking down of next support(5581) is must for next down trend confirmation.
1st hour trading between 5621-5633 with intraday consolidation patterns today and this trading range is within next resistance range(5620-5650) therefore next up moves strong indication will be above 5650.
Tight range bound market with immediate supports(5581-5602) and resistances(5620-5650) therefore until 5581-5650 will not decisively break till then next Short Term Trend will not be considered.
1st hour trading between 5621-5633 with intraday consolidation patterns today and this trading range is within next resistance range(5620-5650) therefore next up moves strong indication will be above 5650.
Tight range bound market with immediate supports(5581-5602) and resistances(5620-5650) therefore until 5581-5650 will not decisively break till then next Short Term Trend will not be considered.