Trends

As last friday selling signals emerged therefore I was indicating for down move possibilities for the last 2 sessions and it was seen yesterday. Selling observed in last 3 sesssions within 5280-5325 and for crossing this range consolidation is must. Good support is within 5205-5225.
I told yesterady that Indian markets are mature for short term correction. Short term trend will be seen below 5183 and intermediate term will down below 5049. coming sessions trading range will be 5225-5280 and within this range Indian markets will prepare for next moves. Now be bullish either after complete consolidation patterns or after Nifty cossing 5330 and bear phase will be below 5183.

Today trading range will be 5225-5280 and coming sessions intraday charts within it will decide that Nifty will break 5330 or 5183.