Today is 5th session of correction after previous 27 sessions rally and also completion of 38.2% retracement(5941) today. As 38.2% retracement level lies between next strong support range(5935-5960) therefore this range become most crucial and Nifty again got support within this range today. Last more than 4 hours trading above 5960 between 5966-6006 with intraday mixed patterns formations today therefore valid break out of following ranges should be firstly watched in next week for next trend confirmation:-
1- 5966-6006(1st indication)
2- 5935-6006(correction continuation or completion confirmations)
1- 5966-6006(1st indication)
2- 5935-6006(correction continuation or completion confirmations)