Firstly watch 17780-17916 after weaker Global cues amid fresh rally beginning possibility above 17916
Pre-open Outlook(10-02-2023)
As Dow Jones closed 249 points down after slipping 550 points from intraday highest yesterday therefore sentiment turned weaker today morning and resultant most Asian markets are trading in Red hence Indian markets will also open in negative zone today.
Lower levels good intraday consolidation was seen yesterday therefore until Nifty will not slip below yesterday lowest(17780) till then decisive down moves will not be seen and follow up consolidation today will mean finally strong rally above yesterday highest(17916)
Expected that Nifty will trade most time today within yesterday trading range(17780-17916) and finally sustaining it beyond will confirm next decisive moves beginning therefore finally it should be watched in the coming sessions amid fresh rally beginning possibility above yesterday highest(17916).