Although Nifty traded between 5836-5873 last Friday with intraday consolidation patterns and supports getting above 5823 in previous 60 sessions but breaking down of 5836 and 5823 will be deeper down moves confirmations. As consolidation above 5836 last Friday therefore Bounce back possibility is still alive despite slipping from higher levels immediately after opening today.
Follow up intraday technical positions will be firstly watched today for sharp down moves below 5823 after fresh selling today or rally possibility after Budget after follow up consoilidations today and next 3 sessions.
View is not Bearish yet because last Friday intraday consolidations formations and follow up intraday patterns will be firstly watched today and also will be updated accordingly as well as Valid break out 5823-5873 should be firstly watched now for next big trend confirmation.
Follow up intraday technical positions will be firstly watched today for sharp down moves below 5823 after fresh selling today or rally possibility after Budget after follow up consoilidations today and next 3 sessions.
View is not Bearish yet because last Friday intraday consolidations formations and follow up intraday patterns will be firstly watched today and also will be updated accordingly as well as Valid break out 5823-5873 should be firstly watched now for next big trend confirmation.