This is for education purpose only and may not be useful for trading
Gap up opening and close near yesterday's low.
If the recent correction upto 80% was over (b wave), then the current rally c wave appears to have stalled. If this is indeed a c wave failure, the consequences can be bad.
Nevertheless, it makes sense to see how markets pan. The trading range is big - 2500 on the lower side to 2800 on the upside.
On intraday charts, mkts have stopped almost near yesterday's low...take this as an intermediate support and a trend deciding level for tomorrow.
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