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Nifty in Consolidation Mood

In the last hour of the trade, Nifty slipped in the red and formed its intraday low. Today Nifty will see the levels of 14230 and 14265 acting as resistance points.

The supports come in at 14080 and 14000 levels. Nifty will spend more time here, which will be good to move forward upside.

In 1 hour chart, it seems bleeding, but actually, it is only a consolidation, because even if Nifty 50 is down, the Midcap and small-cap index is up approx 2% and 1% respectively

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