Post-open Outlook(06-01-2016)
As most Asian markets are trading more than 1% down today morning and sentiment turned depressed therefore Nifty slipping immediately after positive opening but Mid-cap and Small-Cap are now trading more than .45% up. Intraday consolidation patterns formations yesterday therefore today first hour most time trading within yesterday trading range despite such high weakness in most Asian markets.
Intraday consolidation patterns formations above 7764 yesterday and its valid breaking down will be immediate confirmation of more correction.