Nifty July Fut traded at 5923 at 12:36 PM today but when it was trading at 5897 at 11:53 AM then following line was told today in previous Outlook:-
Indian markets are more than .50% down but again down moves are within Bullish Falling Channel therefore emergence of Bounce back possibility.
As lower levels supports today and same formations seen last Friday also therefore some Up moves and Pull Back rally will be considered if Nifty sustains above 5927. It should be kept in mind that corrective Wave-C continuation and once sustaining below today lowest will mean correction continuation with deeper correction possibility.
Indian markets are more than .50% down but again down moves are within Bullish Falling Channel therefore emergence of Bounce back possibility.
As lower levels supports today and same formations seen last Friday also therefore some Up moves and Pull Back rally will be considered if Nifty sustains above 5927. It should be kept in mind that corrective Wave-C continuation and once sustaining below today lowest will mean correction continuation with deeper correction possibility.