Although crashing like Global cues and Indian markets traded in deep Red also after Gap down opening but we were not Bearish therefore we told following line in previous Outlook at 09:53 AM today:-
Nifty could not sustain below 7818 and recovered strongly from lower levels as well as gained more than 100 points from today lowest.
last 10 sessions range breaking down confirmation is must through sustaining below 7818
Nifty could not sustain below 7818 and recovered strongly from lower levels as well as gained more than 100 points from today lowest.
Today intraday rally is only a Pull Back rally and still Nifty is will be understood sideways between 7796-8030,finally sustaining it beyond should be watched in the coming sessions for next big moves confirmations.