This fact should be kept in mind that only skirmish will be seen and no possibility of any big war between India and Pakistan as well as expected that things will be normal within 2/3 weeks but sentiment turns weak and market reacts in very Short Term. As mounting of tension on Indo-Pak Border again today therefore cautious view was updated in Pre-open Outlook today and yesterday range(6019-6068) was given for next moves confirmations,
Confirm intraday selling between 6050-6055 today but Consolidation seen between 6019-6033 yesterday and more intraday selling is required for slipping below 6019 and sustaining beyond 6019-6033 should be firstly watched now for:-
1- Rentering into previous 9 sessions range(5950-6026) below 6019 after follow up selling or
2- Rally continuation above 6055/6068 after follow up consolidations.
Confirm intraday selling between 6050-6055 today but Consolidation seen between 6019-6033 yesterday and more intraday selling is required for slipping below 6019 and sustaining beyond 6019-6033 should be firstly watched now for:-
1- Rentering into previous 9 sessions range(5950-6026) below 6019 after follow up selling or
2- Rally continuation above 6055/6068 after follow up consolidations.