Although strong gap up opening after MSF rate cut news but not sustaining at higher levels and slipped below resistance(5950). Completely news led volatile markets because Indian markets strongly recovered from lower levels yesterday despite most depressing Global markets. As previous resistance was at 5950 and Nifty is hovering around it for the last 1 hour therefore sustaining beyond it should be firstly watched for Wave-3 beginning confirmations because lower levels buying yesterday and higher levels selling patterns also seen today.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
