Although Last Traded Price of Nifty was at the highest of the day(6083) yesterday but we were not Bullish because intraday showed selling patterns indications between 6050-6065 in last more than 2 hours yesterday. We clearly told the condition of sustaining above 6083 in both previous Outlooks.
As was suspected same happened and Nifty traded whole day below 6083 today with intraday selling patterns at higher levels therefore Short Term Correction is expected now.
As was suspected same happened and Nifty traded whole day below 6083 today with intraday selling patterns at higher levels therefore Short Term Correction is expected now.