Although Indian markets closed in Red with closing at lowest of the day yesterday but lower levels supports and intraday consolidation patterns were also seen therefore following lines were told in previous Outlook yesterday:-
Follow up moves will be firstly watched tomorrow for confirmation of next moves beyond 6000-6020,its valid break out will mean following moves:-
1- Deeper correction possibility below 6000 or
2- Sideways market(6000-6100) above 6020.
Today first 2 hours trading between 6015-6035 with mixed patterns formations and most time trading between 6025-6035 but not showing any clear technical positions therefore confirmations required through firstly this range break out and after that 6000-6035.
Follow up moves will be firstly watched tomorrow for confirmation of next moves beyond 6000-6020,its valid break out will mean following moves:-
1- Deeper correction possibility below 6000 or
2- Sideways market(6000-6100) above 6020.
Today first 2 hours trading between 6015-6035 with mixed patterns formations and most time trading between 6025-6035 but not showing any clear technical positions therefore confirmations required through firstly this range break out and after that 6000-6035.