Valid break out requirement of yesterday trading range for next short term trend confirmation was told in all 3 previous Outlooks of today and yesterday and Nifty traded within yesterday trading range since opening today.
All trends are up and very Short Term Trend is at stake after higher levels selling yesterday but today lower levels supports with intraday consolidation patterns indications therefore previous week rally continuation expectations are still alive after very Short Term correction completion within narrow range moves between yesterday trading range(5790-5844)
Expected that Nifty will prepare for next decisive moves within yesterday trading range(5790-5844) and its valid break out should be firstly watched for next Short Term Trend confirmations.
All trends are up and very Short Term Trend is at stake after higher levels selling yesterday but today lower levels supports with intraday consolidation patterns indications therefore previous week rally continuation expectations are still alive after very Short Term correction completion within narrow range moves between yesterday trading range(5790-5844)
Expected that Nifty will prepare for next decisive moves within yesterday trading range(5790-5844) and its valid break out should be firstly watched for next Short Term Trend confirmations.