Quiet sideways market today after previous week blasting rally,firstly profit booking and after that sideways trading between 5861-5882. All trends are up after previous week strong rally but very short term indicators are overbought therefore small correction is due and being seen today.
Follow up confirm buying/selling today and tomorrow will give confirmation to:-
1- Rally continuation without any deep correction or
2- Correction of previous week rally and then sustaining beyond 5815 will also decide the fate of 44 sessions sideways market between 5549-5815.
Sustaining beyond following ranges should be firstly watched:-
1- For 1st signal: 5861-5882
2- For confirmation: 5827-5900
Follow up confirm buying/selling today and tomorrow will give confirmation to:-
1- Rally continuation without any deep correction or
2- Correction of previous week rally and then sustaining beyond 5815 will also decide the fate of 44 sessions sideways market between 5549-5815.
Sustaining beyond following ranges should be firstly watched:-
1- For 1st signal: 5861-5882
2- For confirmation: 5827-5900