When market recovered from lower levels then we updated our doubts and told following line in Mid-session Outlook
decisive up move/Pull Back rally will be considered after sustaining above 5745 because intraday selling patterns formations just below it today.
decisive up move/Pull Back rally will be considered after sustaining above 5745 because intraday selling patterns formations just below it today.
Although some selling at higher levels and slipping also today lower levels in last half hour but today down moves are in Bullish falling channel and follow up consolidation is required for any decisive up move therefore firstly sustaining beyond 200-Day EMA(5672) will be watched in the coming sessions for the confirmation of Long Term Trend.