As last 2 hours fall of yesterday did not showed required force therefore follow up selling and valid break down of 6020 should be firstly watched for next down moves confirmations. Good selling between 6068-6100 in previous 3 sessions and complete consolidation is required within and below this range foe a decisive up move above 6100. Although most Asian markets are in Red but Indian markets are positive between 6057-6069 since opening today and it is first signal of strength. Indian markets are preparing for next trend within this range and valid break out of this range will be next moves 1st indication.
We never guess and whatsoever charts suggest,we update according to intraday charts formations . As no confirmation yet after small slipping from intraday higher levels and minor support also seen at lower level therefore valid break out should be firstly watched:-
1- 6057-6069(For next moves first indication)
2- 6020-6100(For deeper correction or rally continuation after short term correction completion}
Let market prepare and intraday start to show built in technical positions then will be updated accordingly.
We never guess and whatsoever charts suggest,we update according to intraday charts formations . As no confirmation yet after small slipping from intraday higher levels and minor support also seen at lower level therefore valid break out should be firstly watched:-
1- 6057-6069(For next moves first indication)
2- 6020-6100(For deeper correction or rally continuation after short term correction completion}
Let market prepare and intraday start to show built in technical positions then will be updated accordingly.