Nifty traded between 5871-5945 in last more than 2 hours last Friday and slipped in last hour after almost 2 hours selling between 5917-5945. As sentiment is positive today morning after strong global markets and Asian markets are recovering from lower levels therefore Nifty will firstly trade between 5871-5945 and prepare for next moves. Although finally down moves are expected below 5871 but precautionally sustaining beyond 5871-5945 should also be watched:-
1- For steep fall below 5871 or
2- For up moves above 5945 but complete consolidation is firstly required within mentioned range.
1- For steep fall below 5871 or
2- For up moves above 5945 but complete consolidation is firstly required within mentioned range.