Not only did the down gap created in NIFTY nearly got filled today ,it also acted as a resistance bringing the market tumbling down.
the other thing to watch out was a divergence between BSE MIDCAP and SMALLCAP indices , the former closing in red while the latter continued its uptrend closing in green.
despite the weekly weakness, the market is still testing the bulls nerves as the short and med term trends continue to remain intact in the upward trajectory.
levels around 8989 and 8585 are seen as the trading range as of now where the upper range is a weak resistance zone while the lower range is the bull guard