Follow up from the last post -
Nifty continues to move down , we look for the insight and probabilities as of now .
Bias is down, firming up in the short term and going for a Sell on Rise mode in the medium term . First support zone in the short term comes at 5825-50 levels . Even 5800 can be tested/whipsawed if weakness persists . Contra trades to be avoided till firm signals of bottoming out in lower TF . 5935-50 is the immediate resistance zone. Close above 5960 may signal an upward bias in the near term for targets 6020-50 . Volatility and ATR may rise now .