Caution message was immediately updated in 1st hour today after watching under performance of Indian markets and Nifty could not cross today intraday highs as well as continuously formation of new intraday lows. Intraday correction is on and consolidation is required for crossing next resistance.
All trends are up and rally continuation will be seen but today started intraday correction completion confirmation is must before next rally above 5965. Following levels should be firstly watched now:-
1- Next support range(5880-5905)
2- Next resistance range(5935-5965)
Expected that Nifty will prepare for next moves between 5880-5965.
All trends are up and rally continuation will be seen but today started intraday correction completion confirmation is must before next rally above 5965. Following levels should be firstly watched now:-
1- Next support range(5880-5905)
2- Next resistance range(5935-5965)
Expected that Nifty will prepare for next moves between 5880-5965.