Faster retracement of rally hints at a bigger correction. While support at 8300 is not violated, the extent of fall in 2 days in comparison with the number of days required to rally means we are looking at a trend reversal.
Note that hourly charts gave a sell yesterday and 15 min charts gave a sell from 1-DEC.
EOD charts:
Intraday charts: we had a sell when markets broke initial trading range around 10.50am.
Note that hourly charts gave a sell yesterday and 15 min charts gave a sell from 1-DEC.
EOD charts:
Intraday charts: we had a sell when markets broke initial trading range around 10.50am.
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