As soon as selling developed then following line was told today at 11:46:00 AM
Although some up moves were seen after lower levels consolidations but again development of follow up selling and breaking down of today lows.
As good consolidations between 6147-6165 last Friday and until Nifty will not sustain below 6147 till then Short Term down trend will not be considered and at present range bound market will be understood between 6147-6229 and sustaining beyond this range will be next Short Term Trend confirmation.
Selling patterns formations between 6221-6229 today
Although some up moves were seen after lower levels consolidations but again development of follow up selling and breaking down of today lows.
As good consolidations between 6147-6165 last Friday and until Nifty will not sustain below 6147 till then Short Term down trend will not be considered and at present range bound market will be understood between 6147-6229 and sustaining beyond this range will be next Short Term Trend confirmation.