Nifty 19 points down and Nifty Nov Fut 27 points down immediately after opening today and almost neutrialised yesterday sharp surge at 02:03 PM IST sharp surge. As I was having doubts on yesterday sharp surge therefore I told follwing lines in mid night posted today Pre-Open Outlook:-
"Above observation has been presented with this intention that yesterday glbals cues led voltality and higher level closing may be for selling in heating sentiment"
I also posted a topic at 04:44 PM yesterday which name was "Sharp Surge in All Global Markets in 1 Minute Today". i told following lines in that topic:-
"Confirmations required to validate mentioned sharp surge"
Althogh Indian markets closed positive near the top of rally yesterday but I started today Pre-Open Market Outlook with following lines:-
"Last 2 days trading range is 6245-6310 with selling patterns within mentioned range"
Although weak opening but yesterday minor intraday support near 6245 also and if Nifty sustains below it today then it will be very short term correction confirmation.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
