Although Indian markets opened gap up yesterday but weakness was was clearly told through under performance and it was updated also at 10:00 AM yesterday resultant Nifty could not cross yesterday higher levels. Intraday trading positions of yesterday are as follows:-
1- Whole day actual trading between 5911-5939
2- Selling between 5927-5939
3- Support between 5911-5920
Nifty traded first hour between 5911-5927 today which is almost within yesterday support range. As both intraday buying and selling yesterday therefore Nifty will trade and prepare for next moves between yesterday trading range(5911-5939) and follow up consolidation/distribution as well as valid break out of this range should be firstly watched today for next immediate moves confirmations.
1- Whole day actual trading between 5911-5939
2- Selling between 5927-5939
3- Support between 5911-5920
Nifty traded first hour between 5911-5927 today which is almost within yesterday support range. As both intraday buying and selling yesterday therefore Nifty will trade and prepare for next moves between yesterday trading range(5911-5939) and follow up consolidation/distribution as well as valid break out of this range should be firstly watched today for next immediate moves confirmations.