Sentiment depressed today firstly due to weaker global markets and after that no enthusiastic announcements in Rail Budget therefore down moves continuation after its completion. Although down but no confirmation of 5823 breaking down because today down moves are without intraday selling patterns and lacking required force also.
As technically confirmations through 3 sessions closing below 5823 below or 3% down moves are also required and this filter will be applied now for breaking down confirmations of 5823 because today down moves are due to negative news generated also.
As technically confirmations through 3 sessions closing below 5823 below or 3% down moves are also required and this filter will be applied now for breaking down confirmations of 5823 because today down moves are due to negative news generated also.