When Nifty was trading near the lower levels of today at 5793 then following lines were told at 01:18 PM in previous Outlook:-
1- market is slipping continuously but without required force
2- intraday charts are are also not showing as such selling patterns
3- some volatility can not be ruled out
Nifty traded at 5814 after recovery from lower levels and it will be understood only intraday volatility at this moment as well as sustaining beyond 5738-5810 should be firstly watched also because today first 4 hour down moves are without required force and with Bullish Falling Channel formations.
1- market is slipping continuously but without required force
2- intraday charts are are also not showing as such selling patterns
3- some volatility can not be ruled out
Nifty traded at 5814 after recovery from lower levels and it will be understood only intraday volatility at this moment as well as sustaining beyond 5738-5810 should be firstly watched also because today first 4 hour down moves are without required force and with Bullish Falling Channel formations.