Following lives were told yesterday in Rally continuation
1- minor corrections will be considered at this moment
2- Next strong resistances are between 6050-6105 and market requires complete follow up consolidations for crossing and sustaining above it
Firstly Nifty traded almost 2 hours within mentioned resistance range and slipped below it as well but intraday patterns are not showing selling patterns and suggesting consolidations patterns formations. As market requires complete follow up consolidations for crossing and sustaining above mentioned resistance range therefore Nifty will hover around this range(6050-6105) in the coming sessions and prepare for next up moves above 6111 after completion of minor corrections.
1- minor corrections will be considered at this moment
2- Next strong resistances are between 6050-6105 and market requires complete follow up consolidations for crossing and sustaining above it
Firstly Nifty traded almost 2 hours within mentioned resistance range and slipped below it as well but intraday patterns are not showing selling patterns and suggesting consolidations patterns formations. As market requires complete follow up consolidations for crossing and sustaining above mentioned resistance range therefore Nifty will hover around this range(6050-6105) in the coming sessions and prepare for next up moves above 6111 after completion of minor corrections.